Employee advances
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 February 2013
what is the journal entry for advances payin to employees and what when employee pay back its advnces?
what are the step taken by the company if advances paid are not recorable?
what is running advance?
what are the step taken by the company if advances paid are not recorable?
what is running advance?
08 February 2013
01. Advance to employee XXX Dr to Cash
02. Expenses (As given by employee) Dr.
Cash A/c dr. (for balance if any)
To Advance to employee XXXX
To Cash (For additional exp incurred by employee)
03. Advance needs to be monitored regularly ...say on weekly basis. It can be deducted / adjusted from the salary of the employee.
02. Expenses (As given by employee) Dr.
Cash A/c dr. (for balance if any)
To Advance to employee XXXX
To Cash (For additional exp incurred by employee)
03. Advance needs to be monitored regularly ...say on weekly basis. It can be deducted / adjusted from the salary of the employee.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- House Property Reporting in ITR
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Rent lease agreement
- Refund of 20%pre-deposit paid for stay application
- Nomination of Bank for refund in itr 2
- Relief u/s Section 89
- TDS Challan Code
- Lease agreement and tax on sale
- CCFS 2026 Schemed
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
