surya narayana rao (manager - finance) 16 June 2010
hi
can any person tell how to pass journal entries for private limited company.
entries for reimbursement like medical reimbursement, petrol,telephone and internet.
how to pass this entries
surya
Siddarth R Sunder Ram (Finance Professional) 17 June 2010
SInce expenses like petrol, medical reimbursement etc are all part of an employee's salary, you'll have to debit the salary a/c and credit the bank a/c.
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