surya narayana rao (manager - finance) 16 June 2010
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
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.