Furniture Allowance Amortization

1) When employee takes advance at the time of joining following entry will be in AP

Dr. Pre-Paid Furnishing Allowance

Cr. Employee Paybles A/C

2) During the tenure of the employee Amortization entry

Dr. Furnishing Allowance

Cr. Pre-Paid Furnishing Allowance A/c

3) During the recovery if employee is leaving company before 48 months of his tenure

Dr. Employee Paybles A/c

Cr. Pre-Paid Furnishing Allowance A/C