we given tour advance to party how to treat entry and which
head have to given expenditure
Answers were Sorted based on User's Feedback
Advance(Party) A/c Dr.
To cash
and when he submit the actual expenditure .Advance account to be credited and expenditure account to be debited
Is This Answer Correct ? | 7 Yes | 1 No |
Answer / nadeem khan
since we are giving amount for tour it's nothing but travelling expenses for the company
and the entry shoul be
travelling a/c ...dr
to cash/bank a/c
Is This Answer Correct ? | 1 Yes | 0 No |
Answer / kolli
Cash/Bank a/c DR
To Party(name)a/c
(Advance Paid For Tour)
Is This Answer Correct ? | 1 Yes | 7 No |
What do you mean by share
payment voucher for advance salary
How to show Airticket Expense on Company's A/c as Company expense
what is special purpose ledger in SAP.. is it required to configure in ECC 6.0 since New GL concept is active?
As you know account executives need to be talented salespeople. Do you have experience making sales?
we deposited securoty to a party and now due to us interest amount then party deduct TDS on interest but we not recive cash or in bank he credited our account in his books so what will be the journal entries in our's books.
WHAT IS ACCRUED INTEREST ?
Received Invoice from Tvs Co. against purchase of 15 pcs of Mouse @ 750 excluding VAT 4%, Pass journal entry in the necessary books of accounts?
what is meant by deferred revenue expenditure?
Hi sir, Our appointed one agent for sales promotion activities. This agent doing the job "canvas of our product". My quires 1)it is eligible for service tax and how to accounted. 2) this transaction is direct expenses or direct expenses? Pl suggest me
0 Answers Supraveni Chemicals,
What is CST ?
Journalize the Following: 2. Monthly credit sales were $ 35,000 3. Received Cash receipt payments on Receivables in the amount of $ 10,000. 4. Customers’ cheque in the amount of $ 100 bounces and was re-deposited. Book both entries. 5. Material is bought on account for £ 100,000. The exchange rate is Four pounds to One Dollar. Then, later, merchandize is paid for. The exchange rate is Five pounds to One Dollar. Book both entries in Dollar when merchandize is bought and when it was paid. 6. Materials worth $ 20,000 was purchased on account and paid for with 1% discount. Book both entries. 7. Record the purchase of Direct Material on Account in the amount of $ 20,000. Half of it was for stock and the other half for a specific job order. 8. Record the disbursement of $ 1,000 raw material to shop floor for use on specific job