Accounting Of Personnel Expenditure

The personnel expenses account is used to calculate the expenditure of the social insurance agency for personal expenses, including wages, subsidized wages, welfare benefits for workers and retirees.

When the expenses of wages, subsidies, retirees, etc. are incurred, the subjects of "personnel expenditure" are debited, and credits such as "bank deposits" are credited.

When the staff welfare benefits are extracted, the subjects of "personnel expenses" are debited, and the "payable welfare" subject is credited.

At the end of the term, the balance of personnel expenses should be pferred to the balance account, and the account of "fund surplus" should be debited, and the "personnel expenses" subject should be credited.

In October 4th, the social insurance agency issued 15000 yuan in October to employees.

Loan: 15000 yuan for personnel expenses: 15000 cash.