Hai....
I am small dought for Helath insurance paid in firm on behlaf of employee and partner. so helath insurance is expenditure are or not for P&L.
So please needful
thanks
TVVS Swamy (Accountant) (44 Points)
27 January 2012Hai....
I am small dought for Helath insurance paid in firm on behlaf of employee and partner. so helath insurance is expenditure are or not for P&L.
So please needful
thanks
leeladhar
(apprentice)
(261 Points)
Replied 27 January 2012
If paid for employee (not to be refunded by employee), it can be treated as expense.If for the partner it can be treated as drawings.
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