imprest a/c

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gurru (Querist)
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05 November 2009 we are distributor firm.we are having brach at baddi & mhl.Every month we send money to depot manager at baddi under imprest a/c depot manager.i wnat to know,this imprest a/c will come under which heading indirect expenses or sundry creditors.

CA SANJAY MUKHERJEE

CA SANJAY MUKHERJEE (Expert)
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05 November 2009 Create an A/C head in the name of Concerned Branch or depot and debit the same when you are sending money as you are sending advance.

Now booking of actual expenses can be done against expenses incurred and at that time expenses to be debited by crediting the Branch/Depot A/C.