Cash advance to employee
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 July 2013
Dear sir,
cash paid to an employee who belongs to other branch,for that branch expenses, but he submitted all expenses regarding that amount to the head office, then how to treat in my books of records?
cash paid to an employee who belongs to other branch,for that branch expenses, but he submitted all expenses regarding that amount to the head office, then how to treat in my books of records?
Dintakurthi Tirumala
(Expert)
27 July 2013
At the time of payment of cash in advance treat it as Cash advance given for expenses and at the time of producing of bills by the employee then give credit to the cash advance and debit to the consider expenses account and recognise as expenses.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
Aashish Tiwari
(Expert)
27 July 2013
Branch a/c
To cash
Ho Expense a/c
To branch
To cash
Ho Expense a/c
To branch
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