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comapny paid expense on behalf of other after due date , it
recieved it, whichb type of entry company do in accounting?
expense claims comes under personal account, real cccount
or other?

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comapny paid expense on behalf of other after due date , it recieved it, whichb type of entry comp..

Answer / ayoub husse

Dr expenses eg Fine and Penalt
Cr third party to be paid

Dr Third party
Cr cash/bank

Send a debit note if the company is creditor to you or a credit note if is a debtor

Debit note
Dr company ie you have paid on it's behalf
Cr expenses eg fines and penalts

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comapny paid expense on behalf of other after due date , it recieved it, whichb type of entry comp..

Answer / lijo jose

If the company paid amount on behalf of another then its an expense fro the company and at the same time it is to be receivable from him.journal entry is
cash a/c Dr.
To Party's a/c

Is This Answer Correct ?    5 Yes 8 No

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