Please tell me, could we show negative salary in Trial balance. the company in which I am working, they have the corporate office in China for accounting work. in the trial balance they are showing negative balance under the head name *Offshore wages". is it possible.
Suppose in the month of March, an employee whose gross salary is 25000/-, but deduction on account of PF / TDS / other -advances comes to 28000/-, then it will be a negative salary payable.
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