Swati Gupta (Finançe officer) (26 Points)
03 April 2021The company owes some amount to the Director. The company wants to set off the same by salary paid to him. What journal entries will be passed to effect the same.
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 03 April 2021
in the company books director fee=10,000, loan from director 1000
Directors fee 11,000
Directors loan/ reimbursements1,000
To Bank a/c 11,000
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