Automated Data Entry into Tally, Zoho Books, Quickbooks Certificate in Quantitative Finance

Expenses incurred by company director

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(Querist)
05 June 2023 fuel expense bill submitted by company director but pay later what is the journal entry and ledger create under which head : fuel exp. (indirect exp.) other ledger
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
05 June 2023 Fuel expenses, directors.
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RAJESH BOHARA

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RAJESH BOHARA (Querist)
05 June 2023 Can i create director ledger under which account head


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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
05 June 2023 No, main ledger fuel expenses sub ledger directors.
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RAJESH BOHARA

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RAJESH BOHARA (Querist)
05 June 2023 what is the proper entry
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
05 June 2023 Fuel expenses debit
Director account credit.
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