Receipt entry

778 views 2 replies

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......................

Replies (2)

The same can be credited to Notice Pay/ Salary a/c with debit to Bank a/c

Debit Bank A/c

Credit Training Charges A/c

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
20 June 2026
Assistant Accounts Manager

Fintax Professionals

Gurgaon

CA Inter

View Details
Company
29 June 2026
Accountant (Finance & Compliance)

TRIEYEZ

Kolkata

CA

View Details
Company
22 June 2026
Accountant

Global Image Technologies Private Limited

New Delhi

MBA

View Details
Company
Featured 15 June 2026
Senior Auditor

N. Dhawan & Co

New Delhi

CA Inter

View Details
Company
12 June 2026
Accounts & Taxation Executive

Winshine Financial Services

Mumbai

CA Inter

View Details
Company
19 June 2026
Accounts Executive

Getfive Advisors Pvt. Ltd.

Ahmedabad

CA Inter

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
20 June 2026
Chartered Accountant

ANV & Company

New Delhi

CA

View Details