Salary of employees

Imran Anim (Techno economic analyst) (63 Points)

03 May 2015

Hello. Please let me know where shall we classify salary of employees in trial balance. Sundry debtors, creditors or somewhere else?

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karan jit singh (Consultant) (1299 Points)
Replied 21 June 2015

Originally posted by : Imran Anim
	Hello. Please let me know where shall we classify salary of employees in trial balance. Sundry debtors, creditors or somewhere else?

Under the head Current Liabilities , "Salary payable"

Rashi Bajaj (CA) (752 Points)
Replied 23 June 2015

You may put salary payable under the sub head "Other liabilities".

Anilkumar.T (student) (22 Points)
Replied 24 June 2015

you may put an "PROVISION FOR SALARY" under "OTHERS CURRENT LIABILITIES"

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