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E.S.I.C.

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04 June 2011 Dear Experts,

Pls tell in which head E.S.I.C. expense will come in balance sheet or profit & loss a/c.

04 June 2011 employer's contribution of esic will be an expenses under employee cost -P & L

04 June 2011 please noted that:-

Salaries A/c .............dr
To PF Payable A/c
T0 ESI Payable A/c
(Being amount deducted from salary)

PF Payable A/c............dr
ESI Payable A/c...........dr
To Bank A/c




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