Reimbursement OF Expenses
This query is : Resolved
21 April 2009
The co.(like film co.) initially depsosit the amount in a person (production manager) bank account/given him cheque.
further he incur expenses & provide the actual original bill to the said co.
he has no proof of same.
the said person incurs expenses on some items & Bribe.
how we pass entry.
As these amount are neither his income nor his expenses.
like
may be passed
but not showing
1. Bank a/c dr. 50000(salary)+100000(for expneses)
To media co.
2. expenses dr. 50000
To bank 20000
To Bribe 40000
further he incur expenses & provide the actual original bill to the said co.
he has no proof of same.
the said person incurs expenses on some items & Bribe.
how we pass entry.
As these amount are neither his income nor his expenses.
like
may be passed
but not showing
1. Bank a/c dr. 50000(salary)+100000(for expneses)
To media co.
2. expenses dr. 50000
To bank 20000
To Bribe 40000
21 April 2009
Answered
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