How to do the accounting entry of withholding five insurances and one gold?

How to do the accounting entry of withholding five insurances and one gold?

1. Salary distribution

Borrow: xx expenses (management/sales, etc. )

Loan: wages payable to employees.

2. Providing social security (enterprise part)

Borrow: xx expenses (management/sales, etc. )

Loans: Payables-Social Security

3. When you get paid next month.

Debit: Payables-Wages

Loan: Payable-Social Security (Personal Part)

Taxes payable-personal income tax payable

Cash on hand/bank deposit

Step 4 pay social security

Debit: Employee Payable-Social Security (Enterprise Part+Individual Part)

5. Pay personal income tax

Borrow: taxes payable-personal income tax payable

Loans: bank deposits

Accounting treatment of five major risks

Personal burden

When paying wages (according to the proportion paid by individuals, deducted from it)

Debit: Payables-Wages

Loan: other payables-social insurance premium (the part that withholding employees should pay)

Credit: Cash on hand (actual payment amount)

(B) Part of the burden of enterprises

When extracting

Borrow: management fee-social insurance fee

Loan: other payables-social insurance (pension, medical care, occupation, work injury and maternity insurance)

(3) At the time of payment

Debit: other payables-social insurance premium (unit+amount payable by withholding individual)

Loan: Bank deposit (total amount paid)

Second, the accounting treatment of housing provident fund

1. Unit burden (according to the total wages, the extraction ratio varies from place to place)

When extracting: learning accounting forum

Borrow: management fee-housing accumulation fund

Loan: other payables-housing accumulation fund

When handing in:

Borrow: other payables-housing accumulation fund

Loan: bank deposit or cash on hand.

2. Personal part

Deduction when paying wages:

Debit: Payables-Wages

How to do the accounting entry of withholding five insurances and one gold? The above is all about this issue compiled by Bian Xiao. How to withhold the accounting entries of five insurances and one gold? In order to gain more knowledge of financial accounting, this paper gives a detailed answer. Please keep an eye on the update of official website, and we will bring you more wonderful introductions later!