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Advance cash
we give advance to employee for meeting up daily expenses.... entry in tally?
Replies (6)
Quick Summary
1) Advance to employee A/c Dr
To Cash
( Being Advance payment of Cash for Daily Expense)
Note - Advance to employee ledger under Loans & Advances Asset side Balance sheet
2) When employee submit expense with documentary evidence then pass J.E
Expense A/c Dr
To Advance to employee A/c Cr
( being Advance given for daily expense adjusted )
Thank you sir
Sumit
in corporates
all the vouchers needs to be authenticated by departmental hod.
hence u are requested to adjust the expenses after such concurrence.
in corporates
all the vouchers needs to be authenticated by departmental hod.
hence u are requested to adjust the expenses after such concurrence.
Sumit, it's usual to keep petty cash account.
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What the chap of above post is advising is over wise.
They best know about money management. That's why they are business man. Not employee. Apply sense.
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What the chap of above post is advising is over wise.
They best know about money management. That's why they are business man. Not employee. Apply sense.
@ sumit
it's as usual one can override the steps.
these are checks which are being practiced in every organisation.
Business depends on employees wisdom.
it's as usual one can override the steps.
these are checks which are being practiced in every organisation.
Business depends on employees wisdom.
😇😇😇
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