This is just query. if pf deducted last year incaseThis year still not paid can be possible to pay and show in accounts...
How to pass the Entry..??
Menu
PF Query
Replies (2)
When payable entry was passed when it became due last year, PF payable (liability) must have been credited. Since, the payment has been pending for long, hence the liability must have been also sitting in the BS. Just debit the PF payable A/c when actual payment is made. (Also take care of the interest and penalty to be payable due to the delay).
Yes... Interest and Penalty is applicable for late payment of PF.
Recent Topics :
- Gst input credit
- CAN PARTNERSHIP FIRM SIGN SERVICE AGGREMENT WITH A
- E-waybill
- Sell of CAFC books
- ITC ON RENT
- GSTR-9 Table 8A Portal and Excel Issues
- IGST on Commercial Rental Income (Different State)
- Revocation of suo moto cancelled GST registration
- Is there any faculty taking chapterwise test in CA
- Late Fees and Interest
Related Topics :
CAclubindia
