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Prepaid expenses and employment contracts?

Is the payment for a work visa contract for Two years could potentially be considered a prepaid expense?

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تم إضافة السؤال من قبل F L
تاريخ النشر: 2023/11/17
dafaallah Awadelkarim Talha Shaaldin   CMA
من قبل dafaallah Awadelkarim Talha Shaaldin CMA , المدير المالي والاداري , شركة عقد الثريا للتجارة و شركة تحت الشمس الرياضية

Yes you can expense this cost by monthy wise it gives you clear details about your actual expenses spent on the labour during the month also help you if you need to calculate the actual and direct  labour cost for any project and budgeting  same as insurance, accommodation , EOS, Vacation ,tichets, and food allowance .

MOHAMED ASLAM UMAR FAROOK
من قبل MOHAMED ASLAM UMAR FAROOK , Accounting Manager , scientific publishing service ( PVT ) LTD

ok sir expenses 1 year 3month

Rakesh Devikar
من قبل Rakesh Devikar , Assistant Finance Manager , Jones Lang LaSalle

Yes, & it is a asset.  

AQEEL AHMAD
من قبل AQEEL AHMAD , supervisor , Royal poshak

  1. Yes, it is just like house rent , first you paid and you got 720 days to stay. 

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