Personal rule related

If a business is not able to pay salary for the last two
months to all the workers or some of them the workers will
be treated as the creditors of the business(since they have
given the services but in exchange they have not been paid
for). The amount due to these employees will be added and
put under one common title "Salaries Outstanding account".

Thus the salary outstanding account is a personnal account
representing the employees.

Menu

Dinesh More

Leave a Reply

Recent Topic

Related Topics

Latest Job Openings

Assistant Accounts Manager

AUDIT MANAGER

Finance Manager- Chartered Accountant

Article Assistant

Accounts assistant

Accounts Executive

Internal & Taxation Article

Article Assistance