15 November 2016
I am giving small amount monthly to my receptionist for meeting daily expenses.
she is passing two entries.kindly confirm is she right or wrong.
At the time of Payment of expenses
Expense A/c Dr.
To Petty Cash Cr.
2) at the time she receives from me periodically
to meet these expenses.
Petty Cash Dr.
To Cash Cr.
kindly confirm.
CAclubindia
