Loan given to an employee

This topic has 1 reply, 2 voices, and was last updated 5 years ago by John Moffat.

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March 7, 2021 at 9:44 am #613838
andreaskraken
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Hi there

Loan given to an employee is usually recorded as a recievable in the company’s point of view
Does this mean that the loan is also recorded in the trade recievable right??
March 8, 2021 at 8:15 am #613908
John Moffat
Keymaster
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It isn’t a trade receivable because it was not to do with trading.

However it is a receivable.
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