Hi All!!
I am a student (from other background) and for my research I require to know a small point:
1) If suppose a company's employee has accident in India and the company provides for the medical care , can you tell me in what account the medical expense would be reflected.
staff welfare or any other account?
2) I believe most of the organized sector company's employee are covered by ESI(Employees State Insurance) , how this get adjusted in the accounts? More accident prone industries do they bear a higher insurance cost? In which account they adjust this?
Any help or advice is greatly appreciated.