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Treatment for salary payable

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(Querist)
17 November 2012 Can anybody please tell me what is the treatment for salary payable if it is outstanding more than 4 years? How to close the ledger?
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FCMA CS Pardeep Khaneja

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FCMA CS Pardeep Khaneja (Expert)
17 November 2012 Any unpaid salary and wages, which is outstanding more than 2 years in the books. It can be deposited in welfare fund. You can deposit the same amount in Welfare fund and close the salary payable ledger.
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Manjunath u s

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Manjunath u s (Querist)
17 November 2012 Thank u sir..
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