I gave cash advance of Rs. 70000 to one our enginner at
site. He submitted only bills of 69000. Please tell me, how
I can write these transaction in the Day book.
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Answer Posted / mahendra
1- payment entry
party name dr-70000/-
To Cash 70000/-
(being cash paid to party as advance)
2- Journal entry when bill Received
Expenses a/c dr 69000
To Party A/c 69000
(Being bill Received from party)
1000/- Is balance in party a/c till date when bill not
reveiced
| Is This Answer Correct ? | 2 Yes | 1 No |
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