Payments or journal ?
This query is : Resolved
10 January 2014
Sir ,
If we give Travel advance to our employee , than should it be recorded in ' Payments ' or in " Journal " ?
If we give Travel advance to our employee , than should it be recorded in ' Payments ' or in " Journal " ?
10 January 2014
it will be in payment entry
11 January 2014
Dear Sirs,
1. If, Cash, Bank, Purchase Sales not involved, then you go for Journal.
2. Whiling giving travel advance pass like this
a. IOU Ramesh
to Cash
at the time of settling the travel advance with supporting vouchers.
b. Travelling Exp. A/c Dr.
To IOU
To Cash (payment of bal
1. If, Cash, Bank, Purchase Sales not involved, then you go for Journal.
2. Whiling giving travel advance pass like this
a. IOU Ramesh
to Cash
at the time of settling the travel advance with supporting vouchers.
b. Travelling Exp. A/c Dr.
To IOU
To Cash (payment of bal
11 January 2014
Then , i can take it as a rule that , " whenever Cash is involved , it must be recorded in Receipt or in Payments . Cash can never go through Journal ?
12 January 2014
Can make cash payment entry..
.
Debit can be given to employee account
.
Debit can be given to employee account
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