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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

23 August 2011 Dear Sir Ill interview today for one manufacturing company at mumbai they ask one question (Rs. 50 Is given advance to Mr X for buying stationary and reimbursed Rs.10 Than What would be the entry)

Ill given answer on

1st Entry That : Mr X A/c .......... Dr. Rs.40 (Payment)
To Cash/bank............. Rs.40

2nd Entry That : Cash/Bank A/c ......Dr. Rs.10 (Receipt)
To Mr. X A/c............ Rs.10

3rd Entry that : Stationary A/c .....Dr. Rs.40
To Mr. X A/c..............Rs.40(JV)

Please tell me anything wrong on please sir guide if wrong

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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23 August 2011 I guess the actual printing & Stationery expenses Rs.60, So R.50 adjusted with advance and Rs.10 reimbursed to the person

Payment
Dr:Mr.X Rs.50
Cr: Cash Rs.50

Expenses

Dr: Printing & Stationery Rs.60
Cr: Mr.X Rs.60

Reimbursement
Dr: Mr.X Rs.10
Cr: Cash Rs.10

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

23 August 2011 No advance Rs.50 and Printing stationary amount is Rs.40
Dear Sir Ill interview today for one manufacturing company at mumbai they ask one question (Rs. 50 Is given advance to Mr X for buying stationary and reimbursed Rs. 10 Than What would be the entry)

Ill given answer on

1st Entry That : Mr X A/c .......... Dr. Rs. 50 (Payment)
To Cash/bank............. Rs.50
2nd Entry that : Stationary A/c .....Dr. Rs. 40
To Mr. X A/c..............Rs.40(JV)

3rd Entry That : Cash/Bank A/c ......Dr. Rs. 10 (Receipt)
To Mr. X A/c............ Rs. 10

Please tell me anything wrong on please sir guide if wrong

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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23 August 2011 in case printing & stationery expenses Rs.40 then your entries are correct

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