Advance given to employees
riddhi (student) (746 Points)
18 May 2016
can advance given to employees be shown under salaries account?
3 Replies
Dattatri
(Tax consultant)
(121 Points)
Replied 18 May 2016
No, It is not an expenses, keep it under loans and advances in the balance sheet
V P Narasimhan
(Accounts Manager)
(791 Points)
Replied 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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