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accounting head

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(Querist)
20 January 2009 what is a Accounting head for cash stolen by Employee,who is not in job.
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CA Hemant T Dewani

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CA Hemant T Dewani (Expert)
20 January 2009 whether you are lodged complaint against your ex-employee then it is under theft a/c otherwise you will debited to other exp a/c
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CA RAMESH KUMAR AHUJA

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CA RAMESH KUMAR AHUJA (Expert)
21 January 2009 It should be parked under the head of 'THEFT & EMBEZELLMENTS' only. Same is an allowable expense as in the case of 'Nainital Bank Limited'.
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