Entry treatment
This query is : Resolved
12 August 2014
how to book 'loss of pay' which is deducted from salary?
is it an expense and debited to p&l or it has anything relating to current asset?
pls show the entry...
is it an expense and debited to p&l or it has anything relating to current asset?
pls show the entry...
Rupesh Jain
(Expert)
12 August 2014
it is not clear loss of pay
if you deduct the amount from employee . due to company loss the you can credit the loss a/c. or you make recovery and to be paid to govt. authority then its your liability.
if you deduct the amount from employee . due to company loss the you can credit the loss a/c. or you make recovery and to be paid to govt. authority then its your liability.
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