All Respected Members,
please educate me if I have accrued salary (June salary paid in July by employer). I report my income for respective year including this June salary.
in which account this salary amount will reflect after paying my expenses which usually pay in my bank account or cash in hand ?
Concept is that total income goes under inflow whereas expenses goes under expenses, so balance amount which also include accrued salary which not received my in actual will go under which account ?
Early response shall be highly appreciated.
AA-64 Accrued Salary in Income Tax Return
My Videos (Accounts Officer ) (709 Points)
15 October 2024