CA Loan Bajaj Finserv

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surya narayana rao (manager - finance)     16 June 2010

accounting entries

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



 1 Replies

Siddarth R Sunder Ram

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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