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What is the Voucher entry (In Tally) if the Office Expenses
of Company A is being made by Company B on behalf of Company A?
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Answer / singpr banker
Agree on sankeer. He is writing entry on comp A's book.
Meanwhile comp B will write
Dr Company A
Cr Cash or Bank A/C
(Being payment of office expenses on behalf of comp A)
Later when comp A pays comp B then comp B will reverse the above entry on its book:
Dr Cash or Bank A/C
Cr Comp A
(Being payment from Comp A to reimburse office expenses)
| Is This Answer Correct ? | 9 Yes | 0 No |
Answer / sankeerthana
My dear Gopal Singh according to you cash received thru
office expenses.
Dear deepak according to you office expenses were mert by A
company itself. Office expenses were met by B company on
bahalf of A company That means A company is indebted to B
company towards expenses paid. So in the books of A we have
to show B company as creditor. Then the correct entry will
be
Office expenses Dr
To B company
(Being expenses met by B company)
My sincere advice to both of you is think twice while
answering any question
sankeerthana@yahoo.in
| Is This Answer Correct ? | 8 Yes | 5 No |
Answer / biswaranjan sahoo
Dear All
The voucher entries in the Company B will be:
1. Office Exp. A/c------------Dr
Cash/Bank/Creditor A/c-----Cr
2. Company A A/c--------------Dr
Office Exp. A/c------------Cr
| Is This Answer Correct ? | 1 Yes | 0 No |
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