Salary advance
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 February 2014
Isn't salary advance a current asset?
can it be recorded as indirect expenses?
can it be recorded as indirect expenses?
20 February 2014
yes it is indirect exp if its not directly related to manf or main activity of org but like for accounts etc.
20 February 2014
Salary paid in advance to be adjusted against salary of subsequent year, is not an expenses but 'Current Asset'.
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