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re:reimbursement of expenses

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01 February 2010 we are C& f agents of petroleum company.we receive commission & reimbursement from petroleum company.
i want to know what is accounting entry for reimbursement.whether we have to open reimbursement expenses a/c.whether it will come under indirect expenses.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
01 February 2010 You have to Credit the particular expenses which you got reimbursement- if previously booked expenses other wise which head you debited previously you need to credit the particular account
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