Dear all
Can any one tell me what is the treatment of unpaid wages which are payable since more than 3 years
CA SENTHIL PRABHU
(CHARTERED ACCOUNTANT)
(132 Points)
Replied 19 May 2012
If there is no one to claim and if you are sure that it's no longer payable then close Unpaid wages account and offer it as Misc Income or credit it to wages... by giving it in notes to account as prior period items..
CAclubindia
