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1. our co., start from 20.05.10 but at the time to till our
capital invested m.d spend Rs:98000 as food,refreshment,rent
guesthouse,travelling exp e.t.c., now we want to return to
him (i.e) all the expenses (amount will pay may be 17.08.10,
how to account it in tally for the expenses of M/D . and
payment entry.
I need the help
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Answer / swathi
ENter the amount which is receievd from director in capital
account by entering receipt voucher through how you have
been received bank or cash,and if those expenses related to
company then put a payment and dr to the expense and credit
to the cash or bank.but you need to have all bills.if those
expenses is not related to the company then you dircetly
make a payment to your director showing drawings(capital
a/c).
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