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Treatment of unpaid wages

Others 2956 views 1 replies

Dear all

Can any one tell me what is the treatment of unpaid wages which are payable since more than 3 years

 

 

Replies (1)

If there is no one to claim and if you are sure that it's no longer payable then close Unpaid wages account and offer it as Misc Income or credit it to wages... by giving it in notes to account as prior period items..


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