Petty cash Journal entries
This query is : Open
15 November 2016
I am giving small amount monthly to my receptionist for meeting daily expenses.
she is passing two entries.kindly confirm is she right or wrong.
At the time of Payment of expenses
Expense A/c Dr.
To Petty Cash Cr.
2) at the time she receives from me periodically
to meet these expenses.
Petty Cash Dr.
To Cash Cr.
kindly confirm.
15 November 2016
Yup she is right.
Message likes :
1 times
15 November 2016
Thank you Sir (Y)
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