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Fine & Penalty to Employee

Accounting Entries 2228 views 1 replies

Hi Everyone,

Can anyone provide me,Fine & Panelty to Employee under which head will come.

Replies (1)

i dont think that it is an income so any special head required for this...

 

you can deduct the amount from the salary or other allowances which u r giving to ur employees...

 

we usually have a head named other allowances... we deduct the fine and penalities from said account


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