Dear All,
I have a query regarding loan to employee.
If In the books, amount transferred to employee is shown as loan to employee, but really is not a loan, instead this relates to transaction of the company but transaction is of such a nature that it can not be shown in the books of account.
Now How can we adjust this loan.
Thanks
Treat it has advance against salary or advance against expenses....
Thanks Suryakant. But the loan amount is around Rs 20 Lacs
Arpan Bohra & Co
Hyderabad
CA Inter
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Fytomax Nutrition Private Limited
Aurangabad
CA Inter
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CCI
Pro
CAclubindia
