Journal entry

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

20 December 2016 What would be the journal entries for expenses incurred on hotels and lodging for bank branch audit which is reimbursed?

Sandeep Dharar

Sandeep Dharar (Expert)
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20 December 2016 Hotel & boarding Dr xxx
To cash/Bank

U must mention the details of reimbursement in narration.

Querist : Anonymous

Querist : Anonymous (Querist)

20 December 2016 would the ledger "hotel and boarding" be in revenue expense nature? or should it be entered as advances?

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Sandeep Dharar

Sandeep Dharar (Expert)
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20 December 2016 Revenue

Niraj Nirala

Niraj Nirala (Querist)
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20 December 2016 let's take an example "we as a firm paid hotel bills for rs 10000 from bank account on 25.03.16, for petrol 2000 in cash on 10.04.16 some other exp rs 1000 also in cash on 12.04.16 dates. And now raised a bill on 15.04.16 to the client totalling all these rs 13000. It was reimbursed by him on 30.06.16. Please tell me the journal entries.