Late Deduction Account Nature

My Videos (Accounts Officer ) (92 Points)

28 March 2023  
Hi Respected Members,

I worked in a firm where they deduct late arrivals from salary (1 day salary deduction on 3 late arrivals during a month which increases every 3 more late arrivals). Further, sometimes they also adjust short leaves hours from overtime hours. Please educate me on following:

1-What will be the general entry for late arrival deduction ?

2-What will be the short leave adjustment journal entry ?

3-What is the nature of this deduction account and where it will be goes in P&L or Balance Sheet ?

Thanks in Advance.