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Advance given to staff for incurring exp.

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(Querist)
26 July 2014 advance given to staff for incurring of exp. create which type ledger and under which group
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
26 July 2014 Employee Advance under Current assets. When expense report is given expenses will be booked and Employee advance will be credited.
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Daya

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Daya (Querist)
26 July 2014 sanjay sir please mention special category under current asssets for advance given .such as Loan and advance (current assets)
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
26 July 2014 It will be Loans and Advances under Current Assets.
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