Interested to Buy Any Domain ? << Click Here >> for more details...
Salary to the employee comes under expense or liabilty to the
co? how?
- 5 Answers
- 37242 Views
- Cap Gemini, I also Faced
- E-Mail Answers
Answer Posted / bharathi
When company paid salary to the employees it should be
treated as indirect expenses it will reflect in profit and
loss account.
The following entries to be passed in the books
Salary A/c
To Cash A/c
When Company not paid (to be paid) to the employees then it
should be treated as liability (because company has to pay
the salary to the employees - so it should be treated as
liability) it will reflect in Balance Sheet under the
coloumn Current Liabilities.
The Following entries to be passed in the books
Salary A/C dr (P&l a/c)
To Salary Payable A/c ( liability a/c)
(provision made for salary)
Once salary paid to the employees then the following entry
to be passed
Salary Payable A/c Dr.
To Cash/ Bank A/c
(Now the liability is nil) (provision which we have made is
cleared now)
| Is This Answer Correct ? | 5 Yes | 0 No |
Post New Answer View All Answers
What is functional area,trading partner in sap fico
What part can management policy play in the analysis of cost behaviour?
If DEBT/EQUITY ratio 2:1, is to good or bad for a company? how...??? can u explain it...???
How do the standards assist the users of financial report?
if we have credit 50 % rg23c part ii first and not credit next balance 50 % .when we have do?
Hello to every body ... Its not its not a interview question In accounting field can we make Money ?
Hello Everbody....this saturday i attended the interview of times job fair...were capgemini has called me for technical round ..I am bcom graduate with tally an SAP FICO....Can any body help me ... I wan to know what is this technical round...An what they may ask me ......if any body have question an answer kindly send to my id ..that is damudi123@yahoo.com....or contact me to my number ..+919900410314.Or any body have friends working in capgemini bangalore?Please i need urgent help...thnak you with regards adnan hasan
Please share different type of Z report
KINDLY PROVIDE ME RBI OFFICER SCALE B QUESTION PAPER (PREVIOUS)
what is controlership?
plz tell me short cut method in maths for clerck post in bank
Expand-------ACNS
Where we show Service Tax Due ( Debit Balance ) in Balance Sheet?
While posting of FB50 entry therE showing errro msg " NOT ASSIGN COMPANY CODE OR CALCULATION PROCEDURE"
what is automatic payment in sap fico
