The deductions done from salary for late comings whether to be credited to salary account so as to show the net expense or to be held under current liability ?What would be the accounting treatment and the legal provisions in this regard.
The deductions done from salary for late comings whether to be credited to salary account so as to show the net expense or to be held under current liability ?What would be the accounting treatment and the legal provisions in this regard.
Do not credit salary a/c. Show the net amount of salary in Salary a/c. That is all.
Shyam Joshi & Associates
Pune
B.Com
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