AA-10 Adjustment of Overpayment of Overtime

My Videos (Accounts Officer ) (717 Points)

24 April 2023  
Hi Respected Members,

Please help me out on following:

We pay overtime to our staff. we have an employee to whom we overpaid overtime amount which we want to adjust in his next month overtime. For example: his actual overtime was Rs.1,000 but we paid him Rs.1,500 and next month overtime is same Rs.1,000.

Please educate me how should we pass the journal entries for these adjustment?

Thanks in advance for your precious time to reply of this query.