How do I pass entries towards advance paid to program ependiture. ex: Rs.20000 advance paid to Program officer. and he come back with program expenses venue Rs.1000, food expenses Rs.10000 and travel Rs.4000 and accommodation Rs.6000. Kindly give me the answer that how do I pass the entries and how should I adjust advance.
Answer Posted / priyanka
programe expenses dr 200000
To bank CR 20000
under the advance payment head
then :
expenses dr 210000
to PRograme expenses cr 210000
| Is This Answer Correct ? | 0 Yes | 1 No |
Post New Answer View All Answers
Explain in simple terms what is the difference between asset, equity, and liabilities?
Define overhead in terms of accounting?
Can you differentiate public and private accounting?
HI I AM WORKING IN A INTERIOR DESIGNING COMPANY.WE ACTUALLY GET PROJECTS FROM CLIENTS & WE SUBCONTRACT THE WORK WE USUALLY SUBCONTRACTS THE SUPPLY OF LABOUR & SUPPLY OF MATEIALS TO SUBCONTRACTORS.WE DONT HAVE LABOURS OF OUR OWN & ALSO PRODUCTION OF MATERIALS.HOW CAN I TREAT THIS IN TALLY IS THERE ANY OPTION AVAILABLE IN TALLY FOR SUBCONTRACTING OR SHALL I ENTER THE NAME OF SUBCONTRACTORS AS SUNDRY CREDITORS AS WE DO USUALLY IN TALLY.PLEASE DO LET ME KNOW ABOUT THIS 0554125475 IS MY NUMBER
What is reversing journal entries?
WHAT IS OPERATING CYCLE?
Hi wht r da questions which are mostly asked in an Accounts related job for freshers?
What is accounting & why it is used?
PLEASE CLEARLY EXPLAIN WHAT IS MEANT BY TDS,CST,ADVANCE TAX,PF,PT,ESI.CLEARLY AS IF EXPLAINING TO LAY MAN
What are mis reports and how do you prepare it?
What are the differences between accounting and auditing?
How can you do credit control?
Tell us in accounting, how do you define premises?
what is loan operations and what are the complete process form from making customer to closure of loan
I got a transaction of Online Recruitment Charges, So What is the Ledger to Create?