11-28-2011, 08:26 PM
Dear All,
Will any body teach me about how accounting for Provident Fund can be treated.
Will any body teach me about how accounting for Provident Fund can be treated.
Accountancy Forum
The Profession
Accounting and Audit
Accounting Treatment of Provident Fund
Accounting Treatment of Provident Fund
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11-28-2011, 09:04 PM
Yes off course. Contact me at [email protected].
06-11-2014, 04:33 AM
how Accounting for provident fund can be treated is very important , for this contact any accountant personally , so you will get more correct information by this.
06-12-2014, 12:48 AM
suppose basic salary(mean to say payable in hand) :10000
employee PF contribution:500 Employer's contribution: 500 Entry will be Salary A/c Dr. (10,000+500)-----P&L Employer's contribution A/c 500------P&L To Pf payable 1,000---------B/S To salary payable 10,000---------B/S and due date of PF payment is 20th ( including days of grace) of the nxt mnth.... And for ESIC its 21st( including days of grace) of nxt mnth The entry for ESIC is same as of PF Plz correct me if m wrng.
06-04-2015, 09:02 PM
The question is not very much clear. If you could explain the problem in more detail, the accounting treatment would be easy to explain.
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