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 ?
2 Replies
CMA RAVI
(ASSISTANT MANGER - FINANCE)
(478 Points)
Replied 20 March 2013
30 days earned leave is too much for any company per employee...
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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