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Adjustment

This query is : Resolved 
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(Querist)
14 January 2015 Dear sir, I want to know about a adjustment entry. sir my party was creditor to Rs. 10000/- but I paid to exp. on that behalf. then I want pass a entry against the party. this entry is right or wrong.
party a/c dr. 10000/-
to exp. a/c cr. 10000/-
and
exp. a/c dr. 10000/-
to cash cr. 10000/-
please tell me about what should I do about this entry.
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Rupesh Jain

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Rupesh Jain (Expert)
14 January 2015 you entry Is ok.

you can directly debit the party a/c and credit the cash or bank a/c
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