accounting treatment
This query is : Resolved
NIRVAY KUMAR
(Querist)
27 October 2009
if director given some cash to use in office exps, is show in cash book & can claim for exps for company .how would show in books ?
if company transfer to its bank a/c to another person /employees bank a/c to use in company office exps .is it correct then what is the accounting treatment.
awaiting for yr response ,please reply in hurry.
Thanks
Nirvay
if company transfer to its bank a/c to another person /employees bank a/c to use in company office exps .is it correct then what is the accounting treatment.
awaiting for yr response ,please reply in hurry.
Thanks
Nirvay
CA SANJAY MUKHERJEE
(Expert)
27 October 2009
Book such payments to Director or employees as
Advance Dr.( may be Travelling/Related Exp.head)
To Cash/Bank Cr
Ask for the Bills and reverse the advance
e.g. if expenses incurred for travelling
Travelling Exp. A/c DR.
To Advance
Advance Dr.( may be Travelling/Related Exp.head)
To Cash/Bank Cr
Ask for the Bills and reverse the advance
e.g. if expenses incurred for travelling
Travelling Exp. A/c DR.
To Advance
CA CHINTAN AJMERA
(Expert)
28 October 2009
Agree with Expert
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