Advance given to employees

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student
746 Points Posted on 18 May 2016
can advance given to employees be shown under salaries account?
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On 18 May 2016 at 12:47 Report
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Tax consultant
121 Points Posted on 18 May 2016

No, It is not an expenses, keep it under loans and advances in the balance sheet

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On 18 May 2016 at 12:51
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student
746 Points Posted on 18 May 2016
thank you so much
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On 18 May 2016 at 12:53
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Accounts Manager
795 Points Posted on 24 May 2016

To find out the baalnce of each individuals sub-ledger on each employee can grouped under the Loand & advances so that every month balancewill be extracted

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On 24 May 2016 at 13:01

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