Advance Addjustment entery

This query is : Resolved

Amaresh.D (Querist)
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14 March 2009 Hello plz Help Me ......

My Question Is on 10.1.09 X taken Advance Of Rs 10000 , I have entered in cash Book X Adv A/c Dr To Cash A/c, but On 15.1.09 X Submitted Expenditure Against Adv taken Actual Expnditure Occured for travelling rs 15000 But Adv taken Rs 10000 only Still Rs 5000 Payment have to made , i have written the entery by the journal by Travelling A/c dr 15000 To XadvA/c 10000 to Cash A/c 5000 is it write plz sugeest me i am in confuse Plz give Example By Passing Entery

Amaresh.D

Amaresh.D (Querist)
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14 March 2009 Plz

Shyam Lal Naik

Shyam Lal Naik (Expert)
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14 March 2009 Your entry is correct. Do not see any reason to get confused.

CA Devanshi Gandhi (Ajani)

CA Devanshi Gandhi (Ajani) (Expert)
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14 March 2009 entry made by u is correct.

C A GROUP COACHING

C A GROUP COACHING (Expert)
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14 March 2009 YOU ARE RIGHT.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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14 March 2009 Still Rs. 5000/- is payable to Mr.X, the second entry is wrong. The second entry would have been:-
Travelling a/c Dr Rs.15000/-
To Mr. X advance a/c Rs. 10000/-
To Mr. X's a/c Rs 5000/-

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