Provident fund

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1 Points Posted on 11 March 2021

Sir,

Where to show the provident fund in P&L of banking companies

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On 11 March 2021 at 21:44 Report
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Quick Summary
This discussion clarifies the correct placement of provident fund expenses within a banking company's Profit & Loss (P&L) statement. For entities like the State Bank of India, these costs, including admin charges and provisions for employees, should be reported under operating expenses, specifically within the administrative expenses category.

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My grammar is 💯 good I
7306 Points Posted on 11 March 2021

Admin charges- payments to and provisions for employees head.this is for state bank of India 

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On 11 March 2021 at 22:03
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Chartered Accountant
24588 Points Posted on 12 March 2021
Show it under operating expenses
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On 12 March 2021 at 06:09
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Student
82 Points Posted on 12 March 2021
It must be shown under admin exp
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On 12 March 2021 at 10:23

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