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Salary

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(Querist)
10 July 2013 If Salary of an employee is retained by the company and paid to him at the year end, what will be the treatment of the retained Salary from the point of view of the company?

For eg. Salary of X is Rs 50000( of which 25000 is retained), how will the company account for retention of Rs 25000?

Thank you,
Kinjal
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
11 July 2013 Need to show as Payable under current liabilities.
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