Accountancy, asked by pritidahal777, 7 months ago

What do you mean by paid salary in advance?

Answers

Answered by babitabhandari12

1

Answer:

A salary advance is essentially a loan you can give an employee. The advance comes from wages you will pay the employee in the future. An employee payroll advance is not like loaning a few dollars to a friend. ... To make repayments, you deduct wages from the employee's future wages.

Answered by ektav6668

1

Answer:

A salary advance is essentially a loan you can give an employee. The advance comes from wages you will pay the employee in the future. An employee payroll advance is not like loaning a few dollars to a friend. ... To make repayments, you deduct wages from the employee's future wages.

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