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PF Pyment
Is PF payment Account indirect Exp. ??
Replies (2)
Yes... You can book it Indirect Expense.
Employees Contribution is under Current Liabilities...
Employer Contribution is under Expenditure Head...
Employees Contribution is under Current Liabilities...
Employer Contribution is under Expenditure Head...
Employee PF contribution to be treated as current libailities as it is recovered from the employee salaries
and Employer PF to be treated as indirect expenses as it is paid by the company
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