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Salary advance

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Querist : Anonymous

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Querist : Anonymous (Querist)
20 February 2014 Isn't salary advance a current asset?
can it be recorded as indirect expenses?
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
20 February 2014 yes it is indirect exp if its not directly related to manf or main activity of org but like for accounts etc.
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AVTAR SINGH

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AVTAR SINGH (Expert)
20 February 2014 Salary paid in advance to be adjusted against salary of subsequent year, is not an expenses but 'Current Asset'.
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