Advance given to employees
riddhi (student) (746 Points)
18 May 2016
can advance given to employees be shown under salaries account?
Dattatri
(Tax consultant)
(121 Points)
Replied 18 May 2016
No, It is not an expenses, keep it under loans and advances in the balance sheet
V P Narasimhan
(Accounts Manager)
(791 Points)
Replied 24 May 2016
To find out the baalnce of each individuals sub-ledger on each employee can grouped under the Loand & advances so that every month balancewill be extracted
Live Course on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance
CAclubindia
