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This query is : Resolved 

30 August 2011 I spend money on when i go for outstation audits which later is reimbursed by my boss.

what entry should i pass in my books when i spend the money.


30 August 2011 First advance has to be booked when u have taken advance.After u submit the bills,expense entry has to be passed adjusting the advance amount.......

30 August 2011 but sir dont get money on advance.


30 August 2011 if you dont get any advance then

pass after return back from travel

Dr: Respective expenses a/c
Cr: your account

after got the reimbursement

Dr:your a/c
Cr: cash a/c

entries in the point of view of firm

05 October 2011 At the time of expenses

Boss name/ Ca firm A/c DR
To Cash / bank
(amount spent for audit expenses on behalf os boss)

Cash . Bank A/c DR
To Boss Name / Firm A/c

05 October 2011 Always remember Dinesh when you are spenting on reimbursable basis or on other's behalf never book that money in any of the expense a/c

book the expenses in the name of personal A/c

10 October 2011 Thank u CA Pushpendra Gaur Sir for ur such an excellent desciption



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