Advances to Employees | Push Digits Chartered Accountants

Advances to Employees

 

 

Advances to Employees

It is a current asset account that is used for recording amounts given to an employee of the company with an expected time frame for repayment. Advance to an employee can be described as a temporary loan provided to an employee by the company. In other words, the company is the lender while the employee is the borrower.

 

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