Paytm registered in the name of director of a company. Payment to Paytm made from director's credit card and later that same amount of money reimbursed. Please help me to pass the journal entry in the books of company and also in the books of the director.
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Query about financial transaction from paytm
Replies (1)
Simple, the essence will be look like
Expense A/c Dr xxx
To Director's advance A/c xxx
Director's Advance A/c xxx
To Bank A/c xxx
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