Journal entry

John jeba (Finance executive) (44 Points)

31 December 2014  

Hi,

I like to enquire on journal entry,deals with purchase and remibursement of asset.

e.g ,Purchase of Computer on 01.12.2014, on behalf of Client(X), raise invoice as rembursement to the client(X)

Questions is

1) What is the journal entry to book the expenses?

2) Can we shown it as Asset ?

3)How to shown the reimbursement Entry sub ledger, do we shown as Income or Expenses

4)Shall we pass the Sales entry