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What is the Voucher entry (In Tally) if the Office Expenses
of Company A is being made by Company B on behalf of Company A?

Question Posted / born_great_006

Answers were Sorted based on User's Feedback



What is the Voucher entry (In Tally) if the Office Expenses of Company A is being made by Company B..

Answer / deepak

Office expenses Dr.
To Bank Or Cash cr.

Is This Answer Correct ?    31 Yes 8 No

What is the Voucher entry (In Tally) if the Office Expenses of Company A is being made by Company B..

Answer / singpr banker

Agree on sankeer. He is writing entry on comp A's book.

Meanwhile comp B will write
Dr Company A
Cr Cash or Bank A/C
(Being payment of office expenses on behalf of comp A)

Later when comp A pays comp B then comp B will reverse the above entry on its book:

Dr Cash or Bank A/C
Cr Comp A
(Being payment from Comp A to reimburse office expenses)

Is This Answer Correct ?    9 Yes 0 No

What is the Voucher entry (In Tally) if the Office Expenses of Company A is being made by Company B..

Answer / gopal singh

Cash /bank A/c cr
office expenses a/c Dr

Is This Answer Correct ?    16 Yes 13 No

What is the Voucher entry (In Tally) if the Office Expenses of Company A is being made by Company B..

Answer / sankeerthana

My dear Gopal Singh according to you cash received thru
office expenses.
Dear deepak according to you office expenses were mert by A
company itself. Office expenses were met by B company on
bahalf of A company That means A company is indebted to B
company towards expenses paid. So in the books of A we have
to show B company as creditor. Then the correct entry will
be
Office expenses Dr
To B company
(Being expenses met by B company)
My sincere advice to both of you is think twice while
answering any question
sankeerthana@yahoo.in

Is This Answer Correct ?    8 Yes 5 No

What is the Voucher entry (In Tally) if the Office Expenses of Company A is being made by Company B..

Answer / biswaranjan sahoo

Dear All
The voucher entries in the Company B will be:
1. Office Exp. A/c------------Dr
   Cash/Bank/Creditor A/c-----Cr
2. Company A A/c--------------Dr
   Office Exp. A/c------------Cr

Is This Answer Correct ?    1 Yes 0 No

What is the Voucher entry (In Tally) if the Office Expenses of Company A is being made by Company B..

Answer / gaurav joshi

Company A Dr.
To company B

Is This Answer Correct ?    0 Yes 0 No

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