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Salary payable

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(Querist)
03 July 2020 SIR
In a Pvt ltd Co., they do not account the salary payable account and they account only the salary paid to the employees. Is it correct sir?

As it is a logistics co., it does not deduct any provident fund from employees.

thanks in adv
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
03 July 2020 Not right, salary payable has to be accounted.
PF has to be deducted if 20 or more employees employed.

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