Salary at year end
This query is : Resolved
23 May 2014
Suppose the Company has a payroll cycle of 21st - 20th of every month and makes the payment on 5th of next month.
On year end - the company should provide for the salary expense of 11 days as at 31st March, 2014.
My question is whether it will be credited to Provision or salary payable?
On year end - the company should provide for the salary expense of 11 days as at 31st March, 2014.
My question is whether it will be credited to Provision or salary payable?
Nikhil Kaushik
(Expert)
23 May 2014
should go to provision since as on 31 March, it is not payable.
Rupesh Jain
(Expert)
23 May 2014
yes you have to make provision for exp. for the period ending 31.3.20....
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