Housing Allowance
Code: 5213
👁 Views: 78
Account Information
| Financial Statement | Income Statement |
| Normal Balance | Debit |
Definition
Allowances paid to employees to cover housing costs (whether in cash or through direct rent).
📐 IFRS vs US GAAP Accounting Treatment
IFRS
IAS 19
Employee Benefits
US GAAP
ASC 710
Compensation - General
❓ Frequently Asked Questions
Q: How is housing allowance recorded?
A: Dr. Housing Allowance (within salaries expense), Cr. Salaries Payable or Bank.