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Accident expense of employee under what head

Cost Accounts 2759 views 1 replies

Hi All!!

I am a student (from other background) and for my research I require to know a small point:

1) If suppose a company's employee has accident in India and the company provides for the medical care , can you tell me in what account the medical expense would be reflected.

staff welfare or any other account?

2) I believe most of the  organized sector company's employee are covered by ESI(Employees State Insurance) , how this get adjusted in the accounts? More accident prone industries do they bear a higher insurance cost? In which account they adjust this?

Any help or advice is greatly appreciated.

 

Replies (1)

HI,

The employee accident expenses under the head of Staff Welfare.  And the claim of ESI is the purely, belongs to on rolls employee befint.  If any claim received by him, purely his personal.  But company HR Dept is the entreprenuer only. So for that claim no need to effect your accounts books.  ESI is the Comapny contribution only. 

 

 

 


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