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hi..
inthe month of june our expenses 540.petty cash
replenishment we received 530.
in the next month we received the balance 10 and july petty
cash replenishment for 450 + 10.
how to prepare jv.
eg: subry expenses a/c 540
to cash 530
to ???? 10
july:
sundry expenses 450
??????????????? 10
to cash 460
pls help
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Answer / sajeermoidu
IN JUNE
SUNDRY EXP A/C DR.......540
TO CASH .........................530
TO SUNDRY EXP PAYABLE/OUTSTANDING 10
IN JULY
SUNDRY EXP A/C DR........450
SUNDRY EXPPAYABLE/OUTSTANDING...10
TO CASH.....................460
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