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Advance cash for expenses

This query is : Resolved 
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(Querist)
15 February 2010 What will be the entry if i Paid advance(in cash) to my peon for Expenses
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Rahul Gupta

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Rahul Gupta (Expert)
15 February 2010 Generally, these expeneses relates to the daily expense and shown as petty expenses.

Accounting Entry >

Petty Expenses....Dr.
Cash ........Cr.
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CA SURENDRA KUMAR RAKHECHA

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CA SURENDRA KUMAR RAKHECHA (Expert)
15 February 2010 When given to Peon :

Advance for Expenses a/c Dr.
To Cash
(advance to peon for exp.)

----------------------------

When account of expenses is submitted by him :

Respective Expenses a/c Dr.
To Advance for Expenses a/c
(as per sheet dated .......)
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
15 February 2010 Agreed

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