Provident entry in books of accounts

19 October 2023

Under which head does Employee Provident Fund appear in the Books of Account and Employer Provident Fund? Please throw some light

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5 Replies

Sravan Reddy G (CA) (618 Points)
Replied 20 October 2023

Employer is go to profit & loss ( employee benefits)
but where as employee go to the current liability

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sabyasachi mukherjee (27870 Points)
Replied 20 October 2023

Pls be explicut

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Eswar Reddy S (CFO- at NHTF) (58275 Points)
Replied 21 October 2023

Employee Contribution is a liability ( Balance Sheet item )

Employer Contribution is an Expense ( PL)

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sabyasachi mukherjee (27870 Points)
Replied 23 October 2023

The point is in whose books are considering the transaction.

Eswar Reddy S (CFO- at NHTF) (58275 Points)
Replied 25 October 2023

Whose books ?

Employer Books

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