Reimbursement entry
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 January 2018
Hii mam,
I was asked the following question in my interview:
Mr.X was given rs. 25000 for his expenses during company tour.He spend Rs.35000 which involved Rs. 5000 which he paid using corporate credit card.(note:the corporate credit card was given by the company for official expenses)
Please post reimbursement entry for this case.
I was asked the following question in my interview:
Mr.X was given rs. 25000 for his expenses during company tour.He spend Rs.35000 which involved Rs. 5000 which he paid using corporate credit card.(note:the corporate credit card was given by the company for official expenses)
Please post reimbursement entry for this case.
23 January 2018
At the time of giving Rs.25,000
Dr. Advance 25,000
Cr. Cash or bank 25,000
For additional Rs.5,000 paid using credit card
Dr. Advance 5,000
Cr. Bank 5,000
At the date of settlement of bills,
Dr. Expense 35,000
Cr. Advance 30,000
Cr. Cash/Bank 5,000
Dr. Advance 25,000
Cr. Cash or bank 25,000
For additional Rs.5,000 paid using credit card
Dr. Advance 5,000
Cr. Bank 5,000
At the date of settlement of bills,
Dr. Expense 35,000
Cr. Advance 30,000
Cr. Cash/Bank 5,000
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