If the ESI Employees Contribution ledger showing a debit balance, what are the probable reasons behind it and how to begin scrutinise in such a situation?
06 April 2010
credits in the account will be on account of deduction entry from salaries and debits will be on account of transfer of the amount to employer contribution A/c for remittance.
Difference may be on account of short deduction entry or excess amount transferred to employer cont A/c.
CAclubindia
