Interested to Buy Any Domain ? << Click Here >> for more details...
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.
- 3 Answers
- 4271 Views
- Communication for Development and Learning, I also Faced
- E-Mail Answers
Answer Posted / vishalgoel88@yahoo.com
At the time of Advance
Employee advance a/c dr...... 20000
TO Cash a/c..... 20000
To record the expenses
Venue expenses a/c dr... 1000
Food expenses a/c dr...... 10000
Travelling expenses a/c dr.... 4000
Accommodation expenses a/c dr.... 6000
To Employee advance 20000
To Cash 1000
(Actual expenses were more than the advance, the employer would have to reimburse the employee.)
| Is This Answer Correct ? | 3 Yes | 0 No |
Post New Answer View All Answers
Tell me what is the equation for acid-test ratio in accounting?
How Adjust The Amount Taken By Partners For Personal Use? Is The Entry For Drawings? Even If The Amt Exceed 5 Lakhs Or As Partners Loan If Its Not Recovered Even After 1 Year? Discribe All.
Sir i want to ask that if the salary above 6500/- than also pf deduct.
What do you debit and credit if discount allowed is underrated?
how to calculate vat,pf,esi,service tax in corporate firm
what is account reconcillation
Tell me what is trial balance in accounting?
Mention what are things will not be included in a bank reconciliation statement?
Is push down accounting accepted under generally accepted accounting standards?
What is an interlocking accounting system?
As you know account executives need to be talented salespeople. Do you have experience making sales?
What do you mean by ledger posting?
Any body would tell me how to takeover withholding tax at the time of go live in sap fico
What are assets minus liabilities?
PLZZZZZZZZZZZZ HELP ME FOR THE PREPARATION OF TEST JR.EXECUTIVE (ADMIN)IN ATM IAM APPEARED 1ST TIME IN THIS TEST MY TEST CENTER IS RAWALPINDI MY CONTACT NO IS 03338907330
