Accounting treatment of reimbursement of expenses?
CA Devesh Bisht (Chartered Accountant) (258 Points)
06 January 2016
Regards,
1 Replies
V P Narasimhan
(Accounts Manager)
(791 Points)
Replied 02 February 2016
Debit Expenses Head wise (if it's Travel) book under Travelling expenses which included B&L,Food,Convenyance,Fare etc
Credit Cash/Bank
If any adance paid it has to be deducted at the time of settlement.
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