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Discussion > Audit > Others >

Treatment of unpaid wages

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CA final student

[ Scorecard : 242] 		Posted On 19 May 2012 at 10:11 Report Abuse

Dear all

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

 

 

CA SENTHIL PRABHU
CHARTERED ACCOUNTANT

[ Scorecard : 127] 		Posted On 19 May 2012 at 16:22

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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