Accounting for recoverable from employee - f&f settlement
This query is : Resolved
Querist : Anonymous
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!
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!
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 June 2018
Recoverable in terms of notice period not served
13 June 2018
You can Credit the recoverable amount in Salary Head
or
Enter as Other Income under "Indirect Income"
or
Enter as Other Income under "Indirect Income"
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