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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 / ayoub husse
Dr expenses eg Fine and Penalt
Cr third party to be paid
Dr Third party
Cr cash/bank
Send a debit note if the company is creditor to you or a credit note if is a debtor
Debit note
Dr company ie you have paid on it's behalf
Cr expenses eg fines and penalts
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