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.
Menu
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
Recent Threads
- ITR filing STCG LTCG
- TDS deducted against PF withdrawal
- VRS / Severance Pay full exemption u/s 89 ( 10E fo
- Sponsorship fees GST
- Error in verification of ITR-2
- Form 12aa for Religious and Charitable trust
- Schedule 112A CSV template
- RNOR status and exemption on RFC account interest
- Upload error for ITR 2 filing after validation
- CCI Forum gets fresh Look ! Share your views
Related Threads
CAclubindia
