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The Entry would be
Loan to Employees xxxxx
Cash xxxx
Employees Loan Account (Dr.)
Cash / Bank Account (Cr.)
Dr. Salary advance (loan)
Cr. cash (Bank)
Dr. Employee loan a/c
Cr. Bank
When a company lends money to one of its employees, the company will debit the asset account Loans to Employees and will credit the asset account Cash.
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