An employee has an yearly salary of Rs. 2,40,000 with 30 days earned leave. If he avails 15 days of leave and accumalates the rest for a future date, what are the relevant accounting entries and Accounting Standard 15 applications ?
Jishnu Surendran (Finance Manager) (312 Points)
20 March 2013An employee has an yearly salary of Rs. 2,40,000 with 30 days earned leave. If he avails 15 days of leave and accumalates the rest for a future date, what are the relevant accounting entries and Accounting Standard 15 applications ?
CMA RAVI
(ASSISTANT MANGER - FINANCE)
(478 Points)
Replied 20 March 2013
Jishnu Surendran
(Finance Manager)
(312 Points)
Replied 23 March 2013
Sir,
That was just an example, but thanks for the great answer !
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