EPF Employer Contribution

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what is the treatment for EPF employee contribution and employer contribution in accounts? and how it will reflect in the P/L account?

 

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The amount received from employees towards PF plus amount contributed by the employer plus administration charges is debited to pf payable account every month & this amount is deposited upto 20th of the next month.

 

what is the treatment for EPF employee contribution

 Ans : Please note this is Liability A/c will not effect Profit & Loss A/c

and employer contribution in accounts? and how it will reflect in the P/L account?

Ans : Please note this is Expense Account should be clubbed under head Staff Cost.

 

 


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