AA-21 Wavier or Relief Allowed to From Their Loan

Hi Respected Members,

Please educate me that if we like to allow relief to our employee to reduce his loan.

How can we do it ? Please also share journal entry.

Thanks in advance for your precious time and efforts to reply this query.

Replies (3)
Quick Summary
This discussion seeks guidance on how to provide relief to an employee by reducing their loan amount. The original poster is asking for advice on the process and the correct journal entry to record such a transaction. They are specifically requesting expert input from Prasad Nilugal Sir and Raja PM Sir on this urgent matter.

Kind response awaited from respected members. 

It is requested to Prasad Nilugal Sir and Raja PM Sir to please give your expert advice on above query.

Waiting for kind response from respected members on above query. Please reply urgently.

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