Journal entry for expenses debit to employee

1400 views 6 replies

Hi Everyone,

Please explain me that, I have done expenses on behalf of employee,

I have done entry in tally.

Expenses a/c Dr

To Cash ac/

But I want to debit to employee.what is journal entry.

I am wainting for Valuable  reply from all of you sir.

 

Replies (6)
Employee a/c .................................dr to exp a/c

The correct Journal Entry is :

Employee A/c       ...Dr

      To Cash

Expense account Dr..........................................................................................................................

To Cash.............................................................................................................................................

(Being expense incurred on behalf of employee(name))

If employee pays the amount:-

Cash A/c Dr...................................................................................................................................

To Expense..........................................................................................................................................

(Being amount received from the employee for the exp.incurred earlier on behalf of the employee)

Thanks all of you

Expenses can't be booked because it is not your business expenses. therefore the enry would be:

 

Employee A/c Dr. & Cash Cr.

If employee a/c can't be opened (normally won't prefer) we can create an a/c called

Amount Recoverable A/c or

Amount recoverable - Employee/s A/c

where an individual's name need not be exhibited.


CCI Pro

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