05 January 2014
Indirect expense is item belong to Profit and Loss Account and Current Liability is Balance Sheet item.
Any expense which is related with reporting period but not paid and hence provided for then fall under current liability if such payment is required to be made during one year or less from reporting date.
PF and ESIC Contribution if paid then there is no relevance of current liability.
If PF and ESIC relates with Direct Wages then such contribution is also direct expense but if PF and ESIC contribution relates with office and administration head then it would be indirect expense.
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