Loans to staff


This query is : Resolved 

27 May 2011 Loans given to a company employees falls under what expenses?

And also ESIC,maharastra labour welfare fund?

Pls guide.

27 May 2011 Lona given to an employee is an asset and receivable back and hence loans & advances and not expenses.

ESIC,maharastra labour welfare fund is Contribution to Employees’ Provident and other funds


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