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Tally- advertisement expenditures- claim from companu


CA Dauzi Pathan Imran Khan (Chartered Accountant in Practise)     24 August 2012

CA Dauzi Pathan Imran Khan
Chartered Accountant in Practise 
 180 likes  1678 points

| My Other Post

Dear All,

 

Can anybody tell me the procedure for the following?

 

I am working in Vehicle Dealership organisation, which is following Tally E.R.P 9 as accounting package.

Our organisation will spend some money as advertising (Hordings, Camps etc.,) and the amount so spent will be reimbursed by the Company of which vehicles our organisation dealing. My problem is

 

What is procedure to make an entry for spending expenditure (which will be reimbursed)? Can we create ledger under head of sundry debtors? if so, what is the procedure???

Please...give suggestions?

Vineet

Vineet (Assistant Manager)     24 August 2012

Vineet
Assistant Manager 
 6 likes  140 points

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At the time of expense

Promtion expenditure ac debit to

bank ac

(for payment)

debtor account debit to

promotion expenditure account ac

(booking debtor)

bank account debit to

debtor account

(received the reimbursement)

you can choose any expense account to temporarily park the expense or create a different account if such entries are large in nature.

Hope it answer your question..

1 Like
CA Dauzi Pathan Imran Khan

CA Dauzi Pathan Imran Khan (Chartered Accountant in Practise)     25 August 2012

CA Dauzi Pathan Imran Khan
Chartered Accountant in Practise 
 180 likes  1678 points

View Profile | My Other Post
i got same..i mean, treat d cmpny as debtor...Thanq frnd..wil hit thanks 2mrw in p.c

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