What can be the possible account head<name> for crediting the amount retained against the salary payable to an individual against the leaves he have availed?
Aparna Raja K.C (Student) (520 Points)
20 August 2011What can be the possible account head<name> for crediting the amount retained against the salary payable to an individual against the leaves he have availed?
Amit Gupta
(Loosening Myself)
(1508 Points)
Replied 20 August 2011
Aparna there would be nothin payable on a/c of leaves availed as no org pays for availing leaves..n in case u r talkin about leave encashement payable u cn make entry as follows:
Leave encashment a/c Dr
To Leave encashment payable
(being provision made for unavailed leaves of employee name-----)
CAclubindia
