Treatment of PF & ESI

ABHINANDAN JAIN (CA Student) (886 Points)

29 September 2011  

I want to know the accounting treatment of Provident Fund and ESI deducted by Employer and contributed by both Employer and Employee.

I mean pls give entries seperately for employee and for employer & also for both payment of PF and ESI

Also show the extract Balance sheet and P/L A/c


pls explain those entries with the help of a suitable example