dear friends
Please tell me how to pass pf and esic entries of employers contribution that should in profit and loss acccount as expenses and as well as also shown as in statutory payments
please help me
regards
Milind deoghare
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Pf & esic entries
Replies (1)
Hi,
1) For booking Expenses & Liability:
PF / ESI Employer Contributions (Exp.) A/c ...Debit
...To PF / ESI Employer Contributions (Liability.) A/c
2) For booking Making Payment:
PF / ESI Employer Contributions (Liability.) A/c ...Debit
...To Bank A/c
Thanks!!
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