🎓 Academic Pa check kung tama... ACCOUNTING ENTRIES

[yung_cute_sa_Gilid]

Pa correct po ako kung mali entries ko or may kulang...

Pag nag bigay nang salary
Debit:Salary exp - xxx
Credit:Sss payable-xxxx
Credit: Phic Payable-xxxx
Credit: pag ibig Payable-xxxx
Credit: Cash-xxx

Recognize company contribution

Debit:Sss premium expense-xxx
Debit: phic premium expense-xxx
Debit: pagibig premium expense-xxx
Credit: Sss payable-xxxx
Credit: Phic Payable-xxxx
Credit: pag ibig Payable-xxxx

Pay contribution

Debit:Sss payable-xxxx
Debit: phic Payable-xxxx
Debit: pag ibig Payable-xxxx
Credit: Cash-xxx


Ok naba? parang may kulang
Edit: debit& credit
Edit2: naging smilies yung collon at p

 

[Sherpenn]

Tama naman. Pero yun bang sa salaries? Accrued ba yon? Or binigyan ng salaries?