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Voluntary separation payment

This query is : Resolved 
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(Querist)
12 January 2015 what is it and why does it appear on asset side?
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Saravana Perumal Aiyathurai

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Saravana Perumal Aiyathurai (Expert)
12 January 2015 It is a payment to employees for terminating their services to the company.

The benefit for the expense is available to the company over the remaining part of service period of employees. Hence the payment should be shown as asset in the Balance sheet of the company and should be amortized over the remaining part of the period
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