Negative salary payable
This query is : Resolved
Piyush Kulkarni
(Querist)
08 May 2013
In my payroll some employees have negative salary payable(net pay) because of notice pay and some other recoveries. How can i record journals in books.
Can i debit receivables from employee a/c (under current asset) and credit notice pay recovery?
Can i debit receivables from employee a/c (under current asset) and credit notice pay recovery?
CMA Ramesh Krishnan
(Expert)
09 May 2013
You can credit the notice period recovery from employee and adjust against the employee cost
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