Advance
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 September 2012
1. company had paid advance to staff, but due to death of the person or they are leaving the organisation, company not in position to collect it..
what to do with it?
2. there are so many loans and advances given by the company but not receivable... so what to do with this also?
what to do with it?
2. there are so many loans and advances given by the company but not receivable... so what to do with this also?
Guest
Guest
(Expert)
19 September 2012
Write off all such amounts so as to reflect correct position of accounts. Ask for confirmation by management regarding collectibilty of such loans & advances.
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