Payment in lieu of notice

2010-03-24 5:37 pm
A staff terminate the contract and make payment in lieu of notice say, work till 20th of the month, then he refund the rest 10 day to the company, so what is the accounting entry for that?
更新1:

If crediting salary account, would it equal to the tax return amount? His taxable income decrease?

回答 (1)

2010-03-24 11:36 pm
✔ 最佳答案
Simply Dr. Bank Cr. Salaries, being payment given by Mr. XXX in lieu of notice.


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