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    whataccounting's Avatar
    whataccounting Posts: 4, Reputation: 1
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    #1

    Oct 26, 2011, 03:29 AM
    Other assets
    There are cases when advances to employees are placed in the "other assets" (current asset section)in the financial statements? How come?
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #2

    Oct 26, 2011, 06:44 AM
    Because the employees owe you money, just like Accounts Receivable where customers owe you money.
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