Reimbursement
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 May 2013
Hi,
My boss has made a payment to someone from his personal account instead of the company account. How should i reimburse the same amount to my boss. The bill is in the company name. Please reply ASAP.
Please tell the accounting entries for the same.
Thanks in advance
My boss has made a payment to someone from his personal account instead of the company account. How should i reimburse the same amount to my boss. The bill is in the company name. Please reply ASAP.
Please tell the accounting entries for the same.
Thanks in advance
18 May 2013
Simply pass a Journal Entry debiting the expenses and crediting your boss. Then pay him off and clear you liability.
If bills are in company name, then certainly it is an expenditure for the company.
If bills are in company name, then certainly it is an expenditure for the company.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
