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Accrued Leave
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Dec 14, 2006, 08:00 AM
pfcaines1
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Join Date: Dec 2006
Posts: 1
Accrued Leave
I am confused as to which side of the T account structure the Accured Leave account should be. Debit or Credit side. Then when Leave is actually taken how does that flow?
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Dec 14, 2006, 02:31 PM
#2
CaptainForest
Ultra Member
Join Date: Nov 2005
Location: Canada
Posts: 3,669
The credit side.
When it is taken, take it down by debiting it.
Jan 4, 2007, 02:12 PM
#3
Rahulrd
New Member
Join Date: Jan 2007
Posts: 5
well if i am not wrong we can only make the entries for the transaction wch r monteary in nature.
interesting question...............
let me know y it shld be on crdit side.
Thanks.
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