I have deducted Notice pay Rs. 5000/- in which account to
be booked the same enty, what is the head for notice pay
in profit and loss a/c.



I have deducted Notice pay Rs. 5000/- in which account to be booked the same enty, what is the hea..

Answer / Ankit Multani

The entry for Notice Pay would typically appear under 'Personnel Expenses' or 'Employee Benefits Expense' within the Profit and Loss Account.

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