Pending staff loan
This query is : Resolved
20 April 2018
Dear All,
We have pending workers loan since from last 2-3 years & there is no possibilities to recover from them. Which entry we have to pass if we
want to write off the said workers loan. Is there any statutory formalities are there? or any legal formalities?
Kindly advice me
Thanks,
Anjan Mehta
We have pending workers loan since from last 2-3 years & there is no possibilities to recover from them. Which entry we have to pass if we
want to write off the said workers loan. Is there any statutory formalities are there? or any legal formalities?
Kindly advice me
Thanks,
Anjan Mehta
20 April 2018
You can write off workers loan provided they left you and no other dues available with you to recover. Credit workers loan account and debit workers loan write off P and L account.
No statutory or legal formalities.
No statutory or legal formalities.
20 April 2018
Thanks sir, I have to create ledger a/c of workers loan write off in group indirect exps or simply direct debit to P & L a/c.
20 April 2018
Create ledger a/c of workers loan write off in group indirect exps.
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
- Price inclusive or exclusive of GST while made entry in P& L Account
- TDS 194-T applicability
- Tds on commission charges
- Applicability of GST on Salary Reimbursement Component
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- Dep. as per companies act
- Need Professional Opinion AY 2012-13 Old Demand
- Withdrawal in cash from partners capital account by partner
- CHECK RELATED
- New GST registration for new place of business.
- Tax rate change regarding
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
Quick Links
ARTICLESHIP
01 September 2026
Articles
Saini Pati Shah & Co LLP, Chartered Accountants
Mumbai
CA Foundation
View Details
ARTICLESHIP
07 September 2026
CA Articles
Kothari Jain Patil & Chartered Accountants
Pune
CA Inter
View Details
08 September 2026
Semi-Qualified Assitant
Subrahmanyam & Sivudu CA Firm
Hyderabad
CA Inter
View Details
CCI
Pro
CAclubindia
