Tally Ledger Head
This query is : Open
Clement Fernandes
(Querist)
19 July 2021
Respected Members,
Kindly solve my below confusion, please.
Event 1: One employee regularly spends his own money on office expenses and other purchases for the site. He has submitted bills but will collect money from me(Accountant) partially.
Event 2: Another employee takes money from me(accountant) in advance regularly for the expenses and settles the bills partially.
Can I create their ledgert under Current assets or Current liability?
Kindly help me
Kindly solve my below confusion, please.
Event 1: One employee regularly spends his own money on office expenses and other purchases for the site. He has submitted bills but will collect money from me(Accountant) partially.
Event 2: Another employee takes money from me(accountant) in advance regularly for the expenses and settles the bills partially.
Can I create their ledgert under Current assets or Current liability?
Kindly help me
CA Rashmi Gandhi
(Expert)
20 July 2021
1. Shown in current liability
2. Shown in current assets.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Query on effect of registration of property
- GST on reimbursement of expenses
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Visiting card purchase
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Number of years as per AS amortisation of Goodwill
- Wrong CMPo8 file
- Whether output tax is taken credit by purchaser
- Additional trade name
- Equity Share Sale and Purchase
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
