Lending cash to an employee
Transaction
The company lends $1,200.00 in cash to an employee. The loan carries no interest and will be deducted from her salary in equal parts over the next 6 months.
Assumptions: The employee signs no promissory note. The loan is not an advance on salary already earned.
Accounts
Tap an account, then choose Debit or Credit and type the amount. × removes a line.
Debit
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Credit
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Debits $0.00Credits $0.00
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