JOURNAL ENTRY FOR REIMBURSEMENT FROM COMPANY FOR ASSET PURCHASED
This query is : Open
25 May 2023
I PURCHASED 2 ASSET
1) ASSET 1 ( CHAIR ) FOR WHICH PAYMENT WAS MADE BY ME USING CREDIT CARD RS.13000/- PLUS INT RS.2000/- ASSET IS USED BY ME IN MY BUSINESS
2) ASSET 2 ( TABLE ) FOR WHICH PAYMENT IS MADE BY ME USING CREDIT CARD RS. 20000/- PLUS INT RS. 5000/- BUT THE ASSET IS USED BY SOMEONE ELSE
FOR BOTH THE ASSET I GOT REIMBURSEMENT FROM MY COMPANY RS.33000/-
WHAT WILL BE JOURNAL ENTRY FOR THIS IN MY BOOKS
1) ASSET 1 ( CHAIR ) FOR WHICH PAYMENT WAS MADE BY ME USING CREDIT CARD RS.13000/- PLUS INT RS.2000/- ASSET IS USED BY ME IN MY BUSINESS
2) ASSET 2 ( TABLE ) FOR WHICH PAYMENT IS MADE BY ME USING CREDIT CARD RS. 20000/- PLUS INT RS. 5000/- BUT THE ASSET IS USED BY SOMEONE ELSE
FOR BOTH THE ASSET I GOT REIMBURSEMENT FROM MY COMPANY RS.33000/-
WHAT WILL BE JOURNAL ENTRY FOR THIS IN MY BOOKS
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