If we pay the wages to a person in compliance of decision of a labour authority,where we shoul book in accounts,I mean under which head because it was not provided liability due to its uncertainity.Value is over two lacs
I need a guidance,Please.
If we pay the wages to a person in compliance of decision of a labour authority,where we shoul book in accounts,I mean under which head because it was not provided liability due to its uncertainity.Value is over two lacs
I need a guidance,Please.
amount which is relating to current year to be shown under normal salaries and wages a/c.
amount which is relating to previous years to be shown as prior period item. As per AS 5 is applicable. It is to be shown separately.
Thank you very much ,Sir
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
