Arrear of salary account head

This query is : Resolved 

02 August 2012 Please let me know under which account group Salary Arrears account should be opened. I mean is it a current liability or indirect expenses?

03 August 2012 Salary arrears can be debited normal salary Account mentioning as arrears.

Arrears payable can be grouped under Current liability as Salary arrears payable

04 August 2012 I suggest you kindly go through golden rules of accounting to get clarity in accounting treatment.


04 August 2012 I suggest you kindly go through golden rules of accounting to get clarity in accounting treatment.



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