How Do I Enter Directors’ Benefits in Kind?

Article ID

ias-1673

Article Name

Created Date

26th August 2004

Problem

How Do I Enter Directors' Benefits in Kind?

Resolution

This is a Non-Contributing Trial Balance entry (This means the entry does not require a double entry – One sided entry.) The amounts posted to this account will affect the Directors’ Remuneration amounts for the relevant Director. The Postings need to be made to Account 499. An option will appear when posting to this Account asking which Director the Benefit in Kind is for.

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