04 July 2012
first for salary admn/wages account Dr To P F Employee P,ble A/c (here Employee contribution should treated as liability )
2. on the time of payment EPF employee P'ble Dr EPF- Employer Cont Dr To Bank A/c (Here Employer Contbtn Should be under Personal Cost(Expense) So only Employer contribution reflected to Profit and Loss Account Employee contribution not reflected to Pl Account its shown in Balance sheet only
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