Advance cash for expenses
This query is : Resolved
15 February 2010
What will be the entry if i Paid advance(in cash) to my peon for Expenses
15 February 2010
Generally, these expeneses relates to the daily expense and shown as petty expenses.
Accounting Entry >
Petty Expenses....Dr.
Cash ........Cr.
Accounting Entry >
Petty Expenses....Dr.
Cash ........Cr.
15 February 2010
When given to Peon :
Advance for Expenses a/c Dr.
To Cash
(advance to peon for exp.)
----------------------------
When account of expenses is submitted by him :
Respective Expenses a/c Dr.
To Advance for Expenses a/c
(as per sheet dated .......)
Advance for Expenses a/c Dr.
To Cash
(advance to peon for exp.)
----------------------------
When account of expenses is submitted by him :
Respective Expenses a/c Dr.
To Advance for Expenses a/c
(as per sheet dated .......)
15 February 2010
Agreed
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