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Accounting for recoverable from employee - f&f settlement

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Querist : Anonymous

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Querist : Anonymous (Querist)
13 June 2018 Hi

In case, there is some recoverable from an employee at the time of Full and Final Settlement, what should be the accounting entry?

Is there any Accounting standard governing this?

Thanks in advance!
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RAJA P M

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RAJA P M (Expert)
13 June 2018 What are the recoverable from employee?
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Querist : Anonymous

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Querist : Anonymous (Querist)
13 June 2018 Recoverable in terms of notice period not served
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RAJA P M

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RAJA P M (Expert)
13 June 2018 You can Credit the recoverable amount in Salary Head

or
Enter as Other Income under "Indirect Income"
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