Query

A/c entries 228 views 1 replies

Hi,

 Company Purshae T shirt and Visiting Card. i pass journal entry  in tally but amount is still pending and financial year is on ending. How can i treat this transaction plz answer ASAP

 

Thanks in Advance 

Replies (1)

If the above mentioned is purchased for business promotions or to be given to customers/vendors/others-

Business Promotion Expenses Dr.  Amount

To Vendor/Cash/Bank A/c              Amount

 

If the above mentioned is purchased for staff-

Staff Welfare Expenses Dr.  Amount

To Vendor/Cash/Bank A/c              Amount

 

Note- The nature of expenses will be revenue and will be transferred to p/l account


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