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Booking expenses

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(Querist)
27 December 2013 Dear sir,

I have to book the expenses pertaining to site.
Intially i have given site advance of Rs. 100. When i give an advance. The journal entry is
Site Advance A/c Dr. 100
To Bank A/c 100

subsequently i have to book the expenses of the site in the books.

Expenses A/c Dr. 25
To Site Advance A/c 25

Is it correct?

thanks
with regards,

R. Gurucharan.
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Nikhil Kaushik online

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Nikhil Kaushik online (Expert)
29 December 2013 yes it is a correct way of booking expense.

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