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Negative salary payable

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(Querist)
07 May 2013 In my payroll some employees have negative salary payable(net pay) because of notice pay and some other recoveries. How can i record journals in books.
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Pradeep Agarwal

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Pradeep Agarwal (Expert)
07 May 2013 Full & Final Settlement Dr
(under C.A. or C.L. net of F&F Payable)
To Notice Pay (P&L) Cr
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Piyush Kulkarni

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Piyush Kulkarni (Querist)
08 May 2013 Can we show this as receivables from employee ( under CA) and credit notice pay recovery?
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Piyush Kulkarni

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Piyush Kulkarni (Querist)
08 May 2013 Can we show this as receivables from employee ( under CA) and credit notice pay recovery?
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Piyush Kulkarni

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Piyush Kulkarni (Querist)
08 May 2013 Can we show this as receivables from employee ( under CA) and credit notice pay recovery?
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Pradeep Agarwal

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Pradeep Agarwal (Expert)
08 May 2013 yes you can
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C A S.S.Agarwal, M.Com.,LL.B,

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C A S.S.Agarwal, M.Com.,LL.B, (Expert)
22 June 2013 For negative pay debit the staff and credit the salary paid by you. In the next month reverse this entry when you recover this amount

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