What is the personal part of social security accounted for

The personal portion of social security should be included in the accounts of administrative expenses, benefits payable, and other accounts payable.

Administrative expenses include start-up costs incurred during the period of preparation of the enterprise, the board of directors and administrative departments in the operation and management of the enterprise and should be uniformly borne by the enterprise's funds administrative departments bear the trade union funds, board of directors fees to hire intermediaries, consulting fees (including consultants), litigation, business hospitality, technology transfer fees, research costs, and so on.

Social insurance refers to a social and economic system that provides income or compensation for the population that is incapacitated, temporarily out of work, or has suffered a loss due to health reasons. The main programs of social insurance include pension insurance, medical insurance, unemployment insurance, work injury insurance, and maternity insurance.

Social insurance scheme is organized by the government, which forces a certain group of people to form a social insurance fund by paying a part of their income as social insurance tax (fee), and the insured can get a fixed income or compensation for loss from the fund if certain conditions are met, it is a redistributive system, and its goal is to ensure the reproduction of material and labor force and the stability of the society.

In China, social insurance is an important part of the social security system, and it occupies a central position in the whole social security system. In addition, social insurance is a kind of contributory social security, which is mainly financed by employers and workers themselves, with the government subsidizing and assuming the ultimate responsibility. But workers can only enjoy the corresponding social insurance benefits if they fulfill their legal obligation to make contributions and meet the legal conditions.

Social insurance refers to the system whereby the state, through legislation, mandatorily establishes a social insurance fund to provide necessary material assistance to workers participating in labor relations in the event of incapacity or unemployment. Social insurance is not for profit.

Social insurance is mainly through the mobilization of social insurance fund, and within a certain range of social insurance fund to implement the co-ordination of transfer to the workers encountered in the labor risk to give the necessary help, social insurance for workers to provide basic livelihood protection, as long as the workers meet the conditions to enjoy the social insurance, i.e., either with the employer to establish a labor relationship, or has been in accordance with the provisions of the payment of social insurance premiums, you can enjoy social insurance. As long as the worker meets the conditions for enjoying social insurance, i.e., either has established a labor relationship with the employer or has paid the required social insurance premiums, he or she will be entitled to social insurance. Social insurance is the core of the social security system.

Legal Basis

The Social Insurance Law of the People's Republic of China

Article 2 The State establishes a social insurance system of basic old-age pension insurance, basic medical insurance, industrial injury insurance, unemployment insurance, maternity insurance and other social insurance systems to safeguard the rights of citizens to obtain material assistance from the State and society in old age, sickness, industrial injury, unemployment and maternity in accordance with the law. society in the event of old age, sickness, industrial injury, unemployment or maternity.