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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 / irshad husein
party's A/c dr 69000
engineer A/c dr 1000
to cash advance A/c 70000
here engineer is liable for submitting the bill, if he not
submitted the bill, that amt can deduct from his salary or
his any credits
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Aravinda Financiers sanctioned a loan of Rs 250000. A cheque was sent after adjusting processing charges Rs 247250 Pass necessary entry
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