Accounting entry

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

21 August 2012 Sir,
What are the A/c entries for PF Employer's cont, Employee's Cont and EPF admin charges.
can we clubbed EPF admin charges to Employer's cont.

While auditing i have found the party has clubbed the adm charges to Employer's Contribution.

CA Prashant Gupta

CA Prashant Gupta (Expert)
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21 August 2012 Yes you can club the admin charges to employer contribution.

The entry will be as follows on payment:-

Employer's contribution Dr.
Employees contribution Dr.
To Cash/Bank