Hi
small civil contractor if he gives cash to his staff supervisor to meet the expenses at the site like buying of small material , Payment to sub contractor and his own expenses at the site
How to account such type of expenses and the cash given to supervisor from beginning and what ledger to create
secondly some major purchases are made directly by the owner how to account this
and what if the supervisor make small purchase at the site will it be debited to purchase account and credit to cash
just in case when we buy on credit we debit purchase account and credit supplier account
CAclubindia
