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.
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
CAclubindia
