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Answer Posted / g srikanth
it comes under Provisions (current liability)
(JV)
salary a/c dr 100000
To esi payable a/c 1750
To PF payable a/c 12000
To salaries payabl a/c 86250
(PV)
ESI Payable a/c dr 1750
To Bank a/c 1750
PF payable a/c dr 12000
To Bank a/c 12000
Salaries payable a/c dr 86250
To Bank a/c 86250
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Tell me about how you have left a position better than you found it
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