In the starting of month if Director of Company takes Advance for expenses then I pass entry in tally as 1) Advance for expenses.....Dr (Under Current Assets) To Cash 2) Then when they give me vourchers against the advance i pass entry as Pass Entry in Tally in Journal Expenses Voucher Expenses A/c .........Dr To Advance for Expenses To Cash (if expenses more then Advance given) Is it right ?
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