Dear sir,
We have unclaimed salaries in our hand (in cash form sealed in envelops) (In partnership firm A/c of GOA) , from 2009-10, 2010-11 & 2011-12. Most of the workers are from Out of GOA, after work they go to their native place without taking final salary. Sometimes they claim their salaries after six months even after 1 year , that's why we have not deposited their salaries. Now We want to depsoit the same in Bank, b'coz most of the employee has not return back. What treatment should be given, whether we have to show as receipt voucher by showing cash in hand & unclaimed salaries as liability.
Whether it will affect our P&L A/c. Please reply
CAclubindia
