Provident fund

Sir,

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

Replies (3)
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.

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

Show it under operating expenses
It must be shown under admin exp

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