SALARIES PAYABLE
This query is : Open
24 June 2009
DEAR MY QUERY IS
IF SALARY IS PROCESSED IN PAYROLL SEPERATE CHEQUES ARE ISSUED TO THE EMPLOYEE. THEY ARE NOT DEPOSITED THE CHQUES AFTER SIX MONTHS THEY ARE STALE HENCE REVERSAL ENTRY PASS AS SHOWN AS SALARY PAYABLE.
HOW MUCH TIME THIS AMOUNT SHOULD BE RETAINED. IS IT DEPOSITED IN ANY GOVERNMENT TREASURY. HOW MUCH TIME IS IT REQUIRED. IF EMPLOYEE DIDNT CLAIM THE SAME AMOUNT. DETAILS ON ALL THIS RESPECT REQUIRED
It is carry forward from last 4-5 Years and it is not traceble the employee is it reverse and cosider as revenue of the organisation or treated as liability and paid to any government authority
IF SALARY IS PROCESSED IN PAYROLL SEPERATE CHEQUES ARE ISSUED TO THE EMPLOYEE. THEY ARE NOT DEPOSITED THE CHQUES AFTER SIX MONTHS THEY ARE STALE HENCE REVERSAL ENTRY PASS AS SHOWN AS SALARY PAYABLE.
HOW MUCH TIME THIS AMOUNT SHOULD BE RETAINED. IS IT DEPOSITED IN ANY GOVERNMENT TREASURY. HOW MUCH TIME IS IT REQUIRED. IF EMPLOYEE DIDNT CLAIM THE SAME AMOUNT. DETAILS ON ALL THIS RESPECT REQUIRED
It is carry forward from last 4-5 Years and it is not traceble the employee is it reverse and cosider as revenue of the organisation or treated as liability and paid to any government authority
24 June 2009
cheques are encashable in the period of six months of issue date, after expiry of this date if the cheque was not encashed you can post the reversal entry for salary payble.
24 June 2009
And it is not to be deposited with any government treasury.
25 June 2009
It is carry forward from last 4-5 Years and it is not traceble the employee is it reverse and cosider as revenue of the organisation or treated as liability and paid to any government authority
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