hi
friends
one of my client had had done insurance for it's employees
how can I treated that insurance
can I treated it as just expense and charge to pandl account
or
it will show under balance sheet
what is the accounting treatment.
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Insurance on Employees
Replies (3)
Under expenses head as "EMPLOYEE BEBIFIT EXPENSES"
Under which catagory should we create it...
| Originally posted by : Vinay Nv | ||
 |
Under which catagory should we create it... |  |
Under Indirect Expenses...
Also divide the Insurance amount as per eligible dates and balance will be transferred to Prepaid Insuarance
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