Sir i work for a partnership firm in that one person having cash and he uses for mislaneous office expense and note down in his register how can i make voucher entry on those expenses since no slip or bill is there because the expenses are very small in amount like tea , milk , cleaning material pl suggest because no supporting bills are available
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Office expenses
Replies (6)
You have to prepare a voucher for expense like tea, milk , cleaning charges etc these poeple may not issue an offcial receipt for receiving payment s , you have to take signature of teawala , milk wala , cleaner etc on expense voucher . If any amount more than 5000/- the signature is to be taken on the revenew stamp .
can i make imprest account by the name of my peon who handles all this
yes, you can pass the entry with the head of petty expenditure a/c.
what entries to pass please explain sir
for these kind of expenses, refer accounting syatem for imprest system
If you are paying advance to peon then you have to pass following entry
1) Advance to peon a/c Dr
To Cash a/c Cr
( Being cash paid for day to day expense )
2) When he will report to you with all expense pass following entry to adjust advance
Expense A/c a/c Dr
To Advance to peon a/c Cr
(Being expense adjusted againest advance )
Take Advance to peon A/c under loans and advance in balance sheet .
prepare all voucher as stated .
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