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Pf penalty paid entry
if I paid pf damages what is the entry in tally.
Replies (1)
If paid through Bank then
PF Damage Charges A/c Dr
To Bank A/c Cr
(Being charges paid for late Deposit of PF).
Demage Charges under Indirect Expense ,P&L account .
PF Damage Charges A/c Dr
To Bank A/c Cr
(Being charges paid for late Deposit of PF).
Demage Charges under Indirect Expense ,P&L account .
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