Advance Addjustment entery
This query is : Resolved
14 March 2009
Hello plz Help Me ......
My Question Is on 10.1.09 X taken Advance Of Rs 10000 , I have entered in cash Book X Adv A/c Dr To Cash A/c, but On 15.1.09 X Submitted Expenditure Against Adv taken Actual Expnditure Occured for travelling rs 15000 But Adv taken Rs 10000 only Still Rs 5000 Payment have to made , i have written the entery by the journal by Travelling A/c dr 15000 To XadvA/c 10000 to Cash A/c 5000 is it write plz sugeest me i am in confuse Plz give Example By Passing Entery
My Question Is on 10.1.09 X taken Advance Of Rs 10000 , I have entered in cash Book X Adv A/c Dr To Cash A/c, but On 15.1.09 X Submitted Expenditure Against Adv taken Actual Expnditure Occured for travelling rs 15000 But Adv taken Rs 10000 only Still Rs 5000 Payment have to made , i have written the entery by the journal by Travelling A/c dr 15000 To XadvA/c 10000 to Cash A/c 5000 is it write plz sugeest me i am in confuse Plz give Example By Passing Entery
14 March 2009
Your entry is correct. Do not see any reason to get confused.
14 March 2009
entry made by u is correct.
14 March 2009
YOU ARE RIGHT.
14 March 2009
Still Rs. 5000/- is payable to Mr.X, the second entry is wrong. The second entry would have been:-
Travelling a/c Dr Rs.15000/-
To Mr. X advance a/c Rs. 10000/-
To Mr. X's a/c Rs 5000/-
Travelling a/c Dr Rs.15000/-
To Mr. X advance a/c Rs. 10000/-
To Mr. X's a/c Rs 5000/-
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