Advance paid to Employee 1000$. Employee incurred expenses
of 800$ and he returned 200$. What is the Accounting Entry?
- 5 Answers
- 8783 Views
- Infogain, I also Faced
- E-Mail Answers
Answer Posted / jalu
Advance paid to Employee 1000$. Employee incurred expenses
of 800$ and he returned 200$. What is the Accounting Entry?
Advance paid to employee:
Prepaid expenses a/c dr 1000$
To Cash a/c 1000$
Employee incurred expenses entry:
Employee miscellaneous exp a/c 800$
To Prepaid expenses a/c 800$
For Return:
Cash a/c Dr 200$
To Prepaid expenses 200$
am i right?
| Is This Answer Correct ? | 19 Yes | 0 No |
Post New Answer View All Answers
What is the Process of Reconciliation Between AP to GL
difference between 11i&r12
How to Reconciliation AP to CM ? How to Reconciliation AR to CM ?
explain with examples what r the roles & Responsiblities of a functional consultant who reviews the Test Scripts, Test Cases and Test Execution Results of AP, FA and GL.
What is the use of gl set of books name, while configure multiorg?
What is gap analysis, how do you defined?
Can Adjustments be imported?
please explain with examples the below mentioned "Creating the end to end business scenarios and executing the scenarios to perform the regression testing".
How do write a discoverer report to identify zero dollar suppliers/invoices where the supplier is on hold?
What is Work Flow of AP,AR, Sales & Purchase
1)What cannot be consolidated in GCS? 2) When you setup calendar in GL is it possible to change it?
Charge Back Setups ?
Invoice Approval Process?
Re: While you are in implemenation what are u faced the issues ? tell me what some ap & GL issues?
In Subinventories Form, how to enable the Locator Control. A message displayed when changing the drop down list "FRM-40200: Field is protected against update.
