comapny paid expense on behalf of other after due date , it
recieved it, whichb type of entry company do in accounting?
expense claims comes under personal account, real cccount
or other?
Answer Posted / ayoub husse
Dr expenses eg Fine and Penalt
Cr third party to be paid
Dr Third party
Cr cash/bank
Send a debit note if the company is creditor to you or a credit note if is a debtor
Debit note
Dr company ie you have paid on it's behalf
Cr expenses eg fines and penalts
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
Placed an order with Mani for supply of goods worth Rs.5000/-. state whether the the following transcation is business transcation or non business transcation? with reson or explaination?
What type of questions are asked for Interview of Manager Finance in Airport Authority of India ?
is there any chance for confilcts between an accountant and a sales executive ? If yes how do you resolve the same as an accountant ?
recently release the 6.0 version not succede in the market why?
All Accounting Question Related Send Me ..
Harpithas due Rs 55000 was settled infull by taking Haris due Rs 12500 in adjustment Pass necessary entry
what is Rectification of Errors ?
What is the use of final account?
1. Cold Ice, Inc. sells ice cream sells for $2 each. The variable costs per ice cream are $1 and the fixed overheard costs are $ 0.35. A summer camp wants to place a one-time order for 100 cone of ice cream at a price of $ 1.25 each. What is the minimum price hot dogs should be charge for this special order?
how u can control stock movments....like issuing raw materials receiving...in practical way..basically in ,y org we r using bin cards,barcodes etc but somehow need more concentration... help me frds..
1. The controlling department wants to see depreciation amount on internal orders. Which customizing setting do you need to make in asset accounting?(any 3 answer) Make the internal order in active assignment object. Make the internal order an account assignment object for the depreciation run. Set the field internal order to required or optional in the screen layout. Enhance relevant transfer variant by adding the field internal order. Assign the field internal order to account determination.
what type of a/c these accounts are are tey real, nominal or personal (1)realisation a/c (2)new company a/c(3)equity share holders a/c
How can someone prepared for Syndicate Bank Interviw? Do interviewer going to ask any aptitude questions or will it be similar to other PO Interviews? Answers solicited..
how to entry of hra
Short Answer on _________Accounts Receivable