Sir,
We have received a demand notice in f.y. 2019-20 for payment of epf admin charges which is related to f.y. 2015-16.please tell me the accounting for this payment.Which accounting head to be create and what journal entry to be make for this payment.
Sir
rates & taxes head dr
cr bank / cash
if it is a company to be shown under prior period expense
Can we debit EPF Admin/Inpection Charges instead of Rates & Taxes
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