banner_ad

Entry

Accounting Entries 397 views 1 replies

DEAR SIR,

EMPLOYEE SALARY DUE FOR 15 DAYS OF RS.10000 & COMPANY RECOVERY FOR RS. 20000 FROM EMPLOYEE FOR ONE MONTH COMPLETE, BECAUSE HE DID NOT GIVE NOTICE TO COMPANY.

WHAT IS THE JOURNAL ENTRY FOR THIS.

Replies (1)

In such a case company will recover the remaining balance amount out of employee other benefits amount lying with company.

ie: Salary Payable Dr. 10000

Employee benefit a/c Cr 10000 (for that individual employee only) to that extent because no employee will pay the short period notice served amount in cash/bank unless legal action taken by the company.

 

 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Related Topics
Loading
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details