Current asset???
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 May 2016
can i show prepaid salaries in balance sheet as a asset?
02 May 2016
Generally it is Employee advance and shown as asset
02 May 2016
You can not pay prepaid salary only Advance salary paid adjusted against actual can be considered as current asset and loans & advances for advance payment.
03 May 2016
its come under loan & advance to staff
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