Unpaid salary
This query is : Resolved
20 September 2012
I Have Booked Salary Of 6 employee in the month of march as provisions, But 2 employees's salary pending to enter after finalisation of accounts,auditor can't refer it, so what should i do ?
20 September 2012
YOU CAN BOOK THE SAME AS SHORT PROVISION FOR SALARY AND TREAT IT AS PRIOR PERIOD EXPENSES.
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20 September 2012
What is the reason for not making the provision at that point of time??
if you have forgotten to make the provision then it provision can be made now.
There is no effect of income tax on the above as provision for salary is not allowed as deduction and it will be allowed in the year when it is due.
if you have forgotten to make the provision then it provision can be made now.
There is no effect of income tax on the above as provision for salary is not allowed as deduction and it will be allowed in the year when it is due.
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