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Journal entry
To Bank A/c Cr
( Being expenses paid through Debit card of company ).
BUT DEBIT CARD IS PERSONAL, NOT IN COMPANY , & AMOUNT NOT DEDUCT IN BANK ACCOUNT
Expense A/c Dr
To Mr A A/c Cr
( Being expense paid through Debit card of Mr A)
when company will pay back to MrA ,then pass entry
Mr A A/c Dr
Bank A/c Cr
( expenses paid by A , reemburse ) .
Mr A A/c will be under Current liability , in Balance Sheet
to bank
(being person exp from debit card )
TO PARTY A/C
@ Bhavesh Makawana .
Drawing means withdrawal from Business ., here in this case Party has given money form his pocket to Business .
| Originally posted by : prasad Nilugal | ||
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Mr A A/c will be under Current liability , in Balance Sheet But when I am not paid to Mr A. A/C till year end , what entry will be passed in financial year end for balance nil. and cash payment is possible to mr. A |
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Unless you pay to Mr A balance will not be NiL , Balance at the year end ( on 31st March ) Payable to Mr A will be carried forward to Next year ( closing balance of this year will be Oping Balance in the next year ) .
| Originally posted by : prasad Nilugal | |||||
|
Unless you pay to Mr A balance will not be NiL , Balance at the year end ( on 31st March ) Payable to Mr A will be carried forward to Next year ( closing balance of this year will be Oping Balance in the next year ) .
1. Calculation of Direct Remuneration in Pvt ltd co. and Ltd comapny. 2. CALCULATION OF TDS DEDUCTION ON SALARY |
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Hi Sunil,
Expenses A/C Dr
To Debit Card (Card No.........) or To Mr. A A/C Dr (In Case of Debit Card belongs personal) (Under Current Liability)
(Being Amount paid by Mr.A or Debit Card)
Debit Card A/C Dr or Mr.A A/C Dr
To Cash/Bank A/C
(Being Amount paid against Debit Card No..... or Mr.A for Expenses.... )
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