Accounts
This query is : Resolved
30 August 2011
I spend money on when i go for outstation audits which later is reimbursed by my boss.
what entry should i pass in my books when i spend the money.
what entry should i pass in my books when i spend the money.
30 August 2011
First advance has to be booked when u have taken advance.After u submit the bills,expense entry has to be passed adjusting the advance amount.......
30 August 2011
if you dont get any advance then
pass after return back from travel
Dr: Respective expenses a/c
Cr: your account
after got the reimbursement
Dr:your a/c
Cr: cash a/c
entries in the point of view of firm
pass after return back from travel
Dr: Respective expenses a/c
Cr: your account
after got the reimbursement
Dr:your a/c
Cr: cash a/c
entries in the point of view of firm
05 October 2011
At the time of expenses
Boss name/ Ca firm A/c DR
To Cash / bank
(amount spent for audit expenses on behalf os boss)
Cash . Bank A/c DR
To Boss Name / Firm A/c
Boss name/ Ca firm A/c DR
To Cash / bank
(amount spent for audit expenses on behalf os boss)
Cash . Bank A/c DR
To Boss Name / Firm A/c
05 October 2011
Always remember Dinesh when you are spenting on reimbursable basis or on other's behalf never book that money in any of the expense a/c
book the expenses in the name of personal A/c
book the expenses in the name of personal A/c
10 October 2011
Thank u CA Pushpendra Gaur Sir for ur such an excellent desciption
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