Advance Addjustment entery
This query is : Resolved
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
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
Shyam Lal Naik
(Expert)
14 March 2009
Your entry is correct. Do not see any reason to get confused.
14 March 2009
entry made by u is correct.
C A GROUP COACHING
(Expert)
14 March 2009
YOU ARE RIGHT.
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/-
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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