Staff adv

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Querist : Anonymous

Querist : Anonymous (Querist)

15 December 2014 staff adv of 5000 is given but exp was 8000, then which a/c head should excess 3000 credited, till that is paid to staff

Amol S Joglekar (Expert)
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16 December 2014 Debit Expenditure A/c 8000,
Credit Staff Advance A/c 5000
Credit Cash OR Bank A/c 3000

Querist : Anonymous

Querist : Anonymous (Querist)

16 December 2014 CASH IS NOT PAID TILL NOW

Amol S Joglekar (Expert)
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16 December 2014 then credit the staff advance account. Let it show A CREDIT BALANCE TILL THE TIME YOU ACTUALLY PAY THE CASH

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