Arrear of salary account head

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Ajay Singh Bhati (Querist)
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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

CMA Ramesh Krishnan (Expert)
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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

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CA Guru M

CA Guru M (Expert)
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04 August 2012 I suggest you kindly go through golden rules of accounting to get clarity in accounting treatment.

CA Guru M

CA Guru M (Expert)
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04 August 2012 I suggest you kindly go through golden rules of accounting to get clarity in accounting treatment.

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