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Provident entry in books of accounts
Under which head does Employee Provident Fund appear in the Books of Account and Employer Provident Fund? Please throw some light
Replies (5)
Employer is go to profit & loss ( employee benefits)
but where as employee go to the current liability
but where as employee go to the current liability
Pls be explicut
Employee Contribution is a liability ( Balance Sheet item )
Employer Contribution is an Expense ( PL)
Employer Contribution is an Expense ( PL)
The point is in whose books are considering the transaction.
Whose books ?
Employer Books
Employer Books
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