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Salary of employees
Hello.
Please let me know where shall we classify salary of employees in trial balance. Sundry debtors, creditors or somewhere else?
Replies (3)
| Originally posted by : Imran Anim | ||
 |
Hello. Please let me know where shall we classify salary of employees in trial balance. Sundry debtors, creditors or somewhere else? |  |
Under the head Current Liabilities , "Salary payable"
You may put salary payable under the sub head "Other liabilities".
you may put an "PROVISION FOR SALARY" under "OTHERS CURRENT LIABILITIES"
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