Loan to employee

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

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December 8, 2020 at 2:44 pm #598420
manishatai
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Why is a loan to an employee classed as a financial asset and not a financial liability?

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December 9, 2020 at 9:59 am #598742
Stephen Widberg
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If someone owes me money – it will be an asset in my books.
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