imprest a/c

This query is : Resolved

gurru (Querist)
Follow

05 November 2009 we are distributor firm.we are having brach at baddi & mhl.Every month we send money to depot manager at baddi under imprest a/c depot manager.i wnat to know,this imprest a/c will come under which heading indirect expenses or sundry creditors.

CA SANJAY MUKHERJEE

CA SANJAY MUKHERJEE (Expert)
Follow

05 November 2009 Create an A/C head in the name of Concerned Branch or depot and debit the same when you are sending money as you are sending advance.

Now booking of actual expenses can be done against expenses incurred and at that time expenses to be debited by crediting the Branch/Depot A/C.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

DURGA TANDEL

6380177036

Vivekanand Sagar

Krishnamohan Gangaraju

kesav

Subscribe Now

imprest a/c

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Accountant

GST CONSULTANT

GST CONSULTANCY

CA Final

Article Assistant