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Accounting entries for collecting social security fees

Accounting entries of employee insurance collected and remitted by the unit:

1. Collection

Debit: Payables-Social Security

Loan: other payables-personal social security

Pay on behalf of others

Debit: other receivables-personal social security

Loan: bank deposit-* * bank

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.