Payment of social security accounting entries

Accounting entries for payment of social security:

1. When paying, debit: wages payable to employees-social insurance premium (unit part), other receivables (payment)-social insurance premium (individual part).

Loan: bank deposit/cash.

2. When withdrawing, borrow: management fee-social insurance fee (unit part).

Loan: wages payable to employees-social insurance premium (unit part).

for instance

A company pays social security 202 1, 1 1 for its employees, of which the unit part 16000 yuan and the individual part 4000 yuan. The company's salary payable this month is 48,000 yuan, please ask for accounting entries.

Accounting entries for payment of social security:

Debit: Payables 16000.

Other payables 4000

Loan: 20,000 yuan in bank deposit.

Cumulative time:

Debit: management fee 16000

Loan: salary payable to employees 16000.

When paying wages:

Debit: The salary payable to employees is 48,000 yuan.

Credit: other payables are 4000 yuan.

Bank deposit 52000