accounting treatment

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NIRVAY KUMAR (Querist)
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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

CA SANJAY MUKHERJEE

CA SANJAY MUKHERJEE (Expert)
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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

CA CHINTAN AJMERA

CA CHINTAN AJMERA (Expert)
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28 October 2009 Agree with Expert

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