Journal Entries
Could someone please help me in understanding the Journals.
I know that T1 is Payroll Disbursement,T2 is Labour Distributon and T3 is Actual Burden. But what it actually means? I meant the meaning of the Labour Distribution,Actual Burden etc.
T1 generates AL-Accured Liabilities-clearing- What is actually?(in terms of benefits,deductions,accruals)
CF-Actual Burden Clearing-What does it mean?(it terms of benefits,deductions,accruals)
BF- Burden Fringe-What does it actually mean?(in terms of benefits,deductions,accruals)
I went through the 9.0 books but not able to understand it clearly. Could you please let me know in details