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C.A. Sandeep Wawhal

C.A. Sandeep Wawhal (Querist)
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25 August 2011 Please help,

Managerial Salary is Rs 3600/- in Trial Balance, but as per calculation (Adjustment) is Rs. 5723/-. Then what is the effect of Balance amount i.e. (5723-3600) 2123/-. As per ICAI Notes its shown in Sundry Creditors under Trade Payable. Please tell it is right ?

CA Pushpendra Gaur

CA Pushpendra Gaur (Expert)
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27 September 2011 Yes it is be shown under Sundry Creditors, but to be under Other payable or employee payable, it is not a trade payable

C.A. Sandeep Wawhal

C.A. Sandeep Wawhal (Querist)
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27 September 2011 thanks.............

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