Reimbursement entry

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

22 January 2018 Hii mam,
I was asked the following question in my interview:
Mr.X was given rs. 25000 for his expenses during company tour.He spend Rs.35000 which involved Rs. 5000 which he paid using corporate credit card.(note:the corporate credit card was given by the company for official expenses)
Please post reimbursement entry for this case.

Roney

Roney (Expert)
Follow

23 January 2018 At the time of giving Rs.25,000
Dr. Advance 25,000
Cr. Cash or bank 25,000

For additional Rs.5,000 paid using credit card
Dr. Advance 5,000
Cr. Bank 5,000

At the date of settlement of bills,
Dr. Expense 35,000
Cr. Advance 30,000
Cr. Cash/Bank 5,000