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.
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.
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