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Loans to staff

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

And also ESIC,maharastra labour welfare fund?

Pls guide.
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
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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