In Tally ERP 9, a CA firm pay sum of rs 5000 against Challan payment by through Bank on behalf of Party, But the amount has been received in bank after few days from the particular party. what should be the entries for Bill raised & Received amount?
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Journal entries
Replies (1)
For first Debit party account and credit bank Account.
For reimbursment Credit party account and debit cash account.
In bill write reimbursement of challan fees paid on behalf of client
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