Arrear of salary account head
This query is : Resolved
Ajay Singh Bhati
(Querist)
02 August 2012
Please let me know under which account group Salary Arrears account should be opened. I mean is it a current liability or indirect expenses?
CMA Ramesh Krishnan
(Expert)
03 August 2012
Salary arrears can be debited normal salary Account mentioning as arrears.
Arrears payable can be grouped under Current liability as Salary arrears payable
Arrears payable can be grouped under Current liability as Salary arrears payable
Message likes :
2 times
04 August 2012
I suggest you kindly go through golden rules of accounting to get clarity in accounting treatment.
04 August 2012
I suggest you kindly go through golden rules of accounting to get clarity in accounting treatment.
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