E.S.I.C.
This query is : Resolved
04 June 2011
Dear Experts,
Pls tell in which head E.S.I.C. expense will come in balance sheet or profit & loss a/c.
Pls tell in which head E.S.I.C. expense will come in balance sheet or profit & loss a/c.
04 June 2011
employer's contribution of esic will be an expenses under employee cost -P & L
04 June 2011
please noted that:-
Salaries A/c .............dr
To PF Payable A/c
T0 ESI Payable A/c
(Being amount deducted from salary)
PF Payable A/c............dr
ESI Payable A/c...........dr
To Bank A/c
Salaries A/c .............dr
To PF Payable A/c
T0 ESI Payable A/c
(Being amount deducted from salary)
PF Payable A/c............dr
ESI Payable A/c...........dr
To Bank A/c
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