Hi Good Evening to All,
One of My friend ask this question and He is working in IT Industry:-
If any Candidate join the IT Industry they have to sign the One Year Agreement Paper or Bond. In that bond includes if candidate absconded or if he leaving the company before completing the one year, he has to pay the One lakh penalty or Training charges. Suppose if one candidate left the compnay before the completing the one year and he is ready to pay the traning charges or penalty amount. So My question is how we can show this in accounts and also in Tally (Ledger A/c).
Awaiting for your valuable replies......................
CAclubindia
