22 November 2012
can u please say me the accounting treatment of the following in details under which head i should do the respective entries:
Esic payable for the year (09-10)(10-11)(11-12)was paid in the year 12-13,but no due entry was passed in the year (09-10)(10-11)(11-12)for employer contn,employee contribution, So please can u say how to rectify this entry in the books.
22 November 2012
Make the entries in the year 12-13. ESIC payable 9-10 ESIC payable 10-11 ESIC payable 11-12... by debiting General Reserve Account (if any)