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
Menu
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!!
Recent Threads
- RSU - shares sold to cover taxes
- HSN numbers
- Disclosure of Additional Income in 148 Return
- Input tax after revision of GST rate
- Is Variable Pay considered as commission?
- Conveyance Reimbursement,Uniform Allowance,Interne
- GST Applicable for Section 8
- Income tax return status issue
- Larification on Applicability of ESI, PF, and Grat
- GST RCM Liability on Royalty on Gujarat State
Related Threads
CAclubindia
