Provident entry in books of accounts

19 October 2023

Under which head does Employee Provident Fund appear in the Books of Account and Employer Provident Fund? Please throw some light

Reply
Follow
Share

5 Replies

Sravan Reddy G (CA) (618 Points)
Replied 20 October 2023

Employer is go to profit & loss ( employee benefits)
but where as employee go to the current liability

1 Like

sabyasachi mukherjee (27574 Points)
Replied 20 October 2023

Pls be explicut

1 Like

Eswar Reddy S (CFO- at NHTF) (58270 Points)
Replied 21 October 2023

Employee Contribution is a liability ( Balance Sheet item )

Employer Contribution is an Expense ( PL)

2 Like

sabyasachi mukherjee (27574 Points)
Replied 23 October 2023

The point is in whose books are considering the transaction.

Eswar Reddy S (CFO- at NHTF) (58270 Points)
Replied 25 October 2023

Whose books ?

Employer Books

Start a New Discussion