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.
Kumar Babu.G
(Expert)
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.......
CMA Ramesh Krishnan
(Expert)
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
CA Pushpendra Gaur
(Expert)
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
CA Pushpendra Gaur
(Expert)
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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