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Unit withholding social security accounting entries
The accounting entries for social security withholding include the following steps:1. When making payments: Debit: Employee Compensation Payable - Social Insurance Premiums (Unit Part) Debit: Receivable (Payable) - Social Insurance Premiums (Individual Part) Credit: Bank Deposits
2. When making payments: Debit: Administrative Expenses - Social Insurance Premiums (Unit Part) Credit: Employee Compensation Payable - Social Insurance Premiums (Unit Part)
3. p>3, pay wages: debit: payable employee compensation - wages (payable number) credit: its receivables (payable) - social insurance premiums (individual part) credit: cash on hand (issued number).
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