banner_ad

Pf and esic

This query is : Resolved 
Profile Image

Guest

Profile Image

Guest (Querist)
05 January 2014 pf and esic paid by employer comes under which group current liability or indirect expense
Profile Image

Hitendra Jain

Profile Image

Hitendra Jain (Expert)
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.
Profile Image

CA ABHAY GUPTA

Profile Image

CA ABHAY GUPTA (Expert)
06 January 2014 PF and ESIC employer share is indirect expenses while employee share is current liability
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
11 May 2026
AUDIT INTERN

M/S K.K.KHANNA AND COMPANY

Noida

CA Foundation

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
11 May 2026
CA Dropout

Patron Accounting LLP

Pune

CA Inter

View Details