How to make accounting entries for social security and housing provident fund?

Accrual of social security accounting entries:

Social Security Withdrawal (Enterprise Part)

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

Loans: Payables-Social Security

Give it to Du Bao.

Debit: Employees Payable-Social Security (Enterprise Part)

Other payables (personal part)

Credit: cash on hand/bank deposit.

Accounting treatment of housing accumulation fund

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

When extracting:

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.

Personal part

Deduction when paying wages:

Debit: Payables-Wages

Loan: bank deposit or cash on hand.

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