Answer / shyam

If expenses incurred by Director is related to business it
will pass as
Expenses A/c ... Dr.(Mentioned appropriate expense ledger.)
To Bank/Cash A/c

If expenses belongs to his personal it will pass as
Drawing A/c ... Dr.
To bank/Cash A/c.

"i have received half of the salary in advance and another half in the end of month" what will be the journal entry for this?

6 Answers   ACS, Genpact,

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HI EVERYONE I WANT TO KNOW, CAN WE ISSUE DEBIT NOTE OR CREDIT NOTE AGAINST STOCK TRANSFER , IF WE ISSUE OR NOT ISSUED THENY WHY PLZ EXPLAIN

2 Answers   Carlton,

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Define offset accounting?

0 Answers  

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Is it mendatory to provide deferred tax asset, where the management not expecting taxable profit in the subsequent financial years.

0 Answers  

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Tell us do you have any professional experience of this field?

0 Answers  

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WHAT IS LIABILITY?

6 Answers   WNS,

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ACCOUNTING CONCEPTS AND CONVENTIONS

4 Answers   Bank Of America,

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What is capital adequacy ratio? What is demat account?

0 Answers  

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What is basic difference between loan and investment?

2 Answers  

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what do you consider to be the biggest challenge facing the accounting profession today?

0 Answers  

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entry of salary after deducting esi and pf

2 Answers   Fiat,

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A Lorry driver damaged shed shutter and we deduct 2000/- from his freight amount now what is the head for the Deducted amount?

0 Answers   SEIL,

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