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Accounting Treatment of Provident Fund - Printable Version

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Accounting Treatment of Provident Fund - KJK - 11-28-2011 08:26 PM

Dear All,

Will any body teach me about how accounting for Provident Fund can be treated.


- aminahsan2002 - 11-28-2011 09:04 PM

Yes off course. Contact me at aminnjmi@gmail.com.


RE: Accounting Treatment of Provident Fund - Julia Roberts - 06-11-2014 04:33 AM

how Accounting for provident fund can be treated is very important , for this contact any accountant personally , so you will get more correct information by this.


RE: Accounting Treatment of Provident Fund - Julia Roberts - 06-12-2014 12:48 AM

suppose basic salary(mean to say payable in hand) :10000
employee PF contribution:500
Employer's contribution: 500
Entry will be Salary A/c Dr. (10,000+500)-----P&L
Employer's contribution A/c 500------P&L
To Pf payable 1,000---------B/S
To salary payable 10,000---------B/S and due date of PF payment is 20th ( including days of grace) of the nxt mnth.... And for ESIC its 21st( including days of grace) of nxt mnth The entry for ESIC is same as of PF Plz correct me if m wrng.


RE: Accounting Treatment of Provident Fund - rizwankamali - 06-04-2015 09:02 PM

The question is not very much clear. If you could explain the problem in more detail, the accounting treatment would be easy to explain.