banner_ad

Clarification on accounting treatment

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
20 September 2013 In a trust,advance is being paid to employees for their expenses like bus pass,fuel etc say Rs.2000..they are being accounted under the head STAFF ADVANCES..but the employee incurred an expense of Rs.3000..now can he be accounted under the head CREDITORS as he has incurred expenses more than the advance given which are to be reimbursed..????
or is there any other treatment..please help..
Profile Image

CA Simarpreet Singh Gulati

Profile Image

CA Simarpreet Singh Gulati (Expert)
20 September 2013 The excess expense incurred by the employees (Rs.1000 in this case) shall be shown as a liability under other current liabilities.
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
20 September 2013 thank u CA simarpreet ji
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details