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The quantities never stand for expenditures from the employer. The employer is solely acting being an middleman, accumulating cash from employees and passing it on to statutory bodies.
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Sure, that is certainly what we want to comprehend as a layman; but it's a lot more for someone who may have a keen eye with the motion of every penny while in the company. For them, it's recording, summarizing, classifying and interpreting economical transactions regarding money.
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Time Assumption: It is sort of critical that all the fiscal things to do are recorded in a certain period of time to have a closer look of all the business enterprise similar entities.
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