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Arrear of salary account head

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(Querist)
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?
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
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
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CA Guru M

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CA Guru M (Expert)
04 August 2012 I suggest you kindly go through golden rules of accounting to get clarity in accounting treatment.
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CA Guru M

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CA Guru M (Expert)
04 August 2012 I suggest you kindly go through golden rules of accounting to get clarity in accounting treatment.

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