Advance paid to Employee 1000$. Employee incurred expenses of 800$ and he returned 200$. What is the Accounting Entry?
Answer Posted / prasad sawant
Dr prepayment 1000
Cr Cash 1000
Dr expense 800
Cr prepayment 800
Dr recievable 200
Cr prepayment 200
| Is This Answer Correct ? | 0 Yes | 4 No |
Post New Answer View All Answers
What kind of budgets have you worked on?
Payables Applications Technical Reference Manual
payment types and payment methods.
What is gap analysis, how do you defined. What are the pre-requisities?
What do you mean by Category Set ? and what is its Relevance ?
What do you mean by controlling buyers workload?
Write Test Scripts for a telecummunication project on the basis of priority with some examples with regard to AP,GL,FA.
Recurring Problem Posting i have Journals for sep 2018 that i approved but they are not available to post even though the period is open in Oracle R12 Issues
what r issues faced in gl
Hi I'm new in ERP - Oracle Application i appriciate if any one help me in this issue i need SQL to get badeget balance Acutal Balance Encumbrance Balance fund Avalable thanx ahmed
What are the inventory report to check inventory status.
What is the entry in oracle apps ap,ar,gl for following transations1.one pipe purchase at rs.1002.one pipe sales at rs.150
What is the use of mo: security profile, while configure multiorg?
what is the difference between before pages trigger and after parameter trigger in reports ?
HI, once we create the standard invoice then we can get journal entry item expense a/c-dr to liability a.c then item it will reflect through inventory, but liability a/c . it will reflect from GL , it is possible .