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This query is : Resolved 

Hello Every one

we have taken mon power service from XYZ party and pay against .
but in covid -19 pandemic govt pay one side PF amount and we were recover excess payment to that party......
now in which account recovery amount will be booked?????

Hello Every one we have taken mon power service from XYZ party and pay against . but in covid -19 pandemic govt pay one side PF amount and we were recover excess payment to that party...... now in which account recovery amount will be booked?????

Read more at: https://www.caclubindia.com/experts/accounts-2835279.asp

You have paid Excess PF to the manpower consulting services and at the time of recovery, pass the below entries:

XYZ - Dr,
EPF - Cr.

Tranferring Waiver from Govt due to Convid-19:

EPF - Dr.
EPF - Govt Contribution - Cr.

Thanks



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