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Advance to employee

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(Querist)
21 April 2014 if we give advance to associate of Rs. 15000 , should we make a provision for the same.
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Rupesh Jain

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Rupesh Jain (Expert)
21 April 2014 this is not the exp. you are giving the advance is cash/bank book items. it will record when it happen. it is not the profit and loss a/c items. its parts of Balance sheet.

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