What is the meaning of insurance premium advance

I. Social security premiums should be borne by the enterprise and the individual in a certain proportion **** the same, the individual first advances the social security premiums, meaning that the individual first paid all the social security premiums, with the relevant vouchers to settle with the enterprise. The enterprise should refund the part borne by the enterprise. The accounting entries are:

Borrow: Remuneration payable to employees - social insurance premiums (unit)

Credit: Cash on hand

The second explanation

1, the enterprise in accordance with the state's prescribed proportion of the calculation of the social insurance premiums to the social insurance agency is a part of the remuneration of the employees, through the "payable to employees", the "social insurance premiums" is a part of the "payable to employees", and the "social insurance premiums" is a part of the "payable to employees". It is accounted for under the "Remuneration payable to employees" account.

2. Generally speaking, social insurance premiums are charged to the relevant cost accounts according to the beneficiary of the employee's service

(1) Debit: production costs, manufacturing costs, administrative expenses, selling expenses

Credit: Employee compensation payable - social insurance premiums (unit)

(2) Debit: Production costs, manufacturing costs, administrative expenses, selling expenses

Credit: Employee compensation payable - social insurance premiums (unit)

(2) Deducted from the wages of employees or collected from the social insurance premiums borne by individual employees

Borrowed: Employee Compensation Payable - Wages (or cash on hand)

Loaned: Employee Compensation Payable - Social Insurance Premiums (Individuals)< /p>

(3) When paying to the social insurance organization

Borrow: Employee's remuneration payable - social insurance premiums (unit)

-Social insurance premiums (individual)

Credit: Bank deposit

3. In the case of the question, the individual has paid all the contributions first, so only the part to be borne by the unit can be refunded. Individual part of the burden does not have to be deducted from the salary.

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