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Reimbursement Entry

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Praveen Sharma

Praveen Sharma (Querist)
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14 April 2009 Hi

Pls resolve my query.

suppose a person provide production services to media company(Chargeable to S. TAx).

From the said company, the amount regarding expenses & Salary is received.

Now., Salary is ok

But how we pass entry in the books of the amount that not belong to him.

He incurs expenses on bribe & Others.

He then Gives the bills to said Co. who afterwards reimburse him the expenses incurred by him.

Jitender (Expert)
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14 April 2009 answered.

CA Devanshi Gandhi (Ajani)

CA Devanshi Gandhi (Ajani) (Expert)
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21 April 2009 answered

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