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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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Answer Posted / 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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