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PF Entry in books of Employee


14 November 2020 Dear Sir/Madam
What entry can be passed if Employee contributes to Provident Fund From his salary and also employer contributing pf in that account? ( in the books of EmployEE)
and also suggest which amount can be shown as receivable in the balance sheet( means the total of employee-employer contribution or else only employee contribution?)

14 November 2020 Generally salary category is not required balance sheet unless the salary is above 50lacs.

14 November 2020 Incase if balance sheet is required entire PF is should be considered in deposits assets.




14 November 2020 Alternatively you may adjust in capital if the employee has proprietorship business

17 November 2020 Dear Sir,
I want entry of PF contribution made by employer to employee in the books of employee.
please suggest accordingly.



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