Advance cash
SUMIT BADYAL (709 Points)
03 March 2020
we give advance to employee for meeting up daily expenses.... entry in tally?
6 Replies
prasad Nilugal
( GST Practitioner & Accounts )
(14801 Points)
Replied 03 March 2020
1) Advance to employee A/c Dr
To Cash
( Being Advance payment of Cash for Daily Expense)
Note - Advance to employee ledger under Loans & Advances Asset side Balance sheet
2) When employee submit expense with documentary evidence then pass J.E
Expense A/c Dr
To Advance to employee A/c Cr
( being Advance given for daily expense adjusted )
sabyasachi mukherjee
(27574 Points)
Replied 05 March 2020
Sumit
in corporates
all the vouchers needs to be authenticated by departmental hod.
hence u are requested to adjust the expenses after such concurrence.
in corporates
all the vouchers needs to be authenticated by departmental hod.
hence u are requested to adjust the expenses after such concurrence.
Kapadia Pravin
(17259 Points)
Replied 06 March 2020
Sumit, it's usual to keep petty cash account.
------
What the chap of above post is advising is over wise.
They best know about money management. That's why they are business man. Not employee. Apply sense.
------
What the chap of above post is advising is over wise.
They best know about money management. That's why they are business man. Not employee. Apply sense.
sabyasachi mukherjee
(27574 Points)
Replied 06 March 2020
@ sumit
it's as usual one can override the steps.
these are checks which are being practiced in every organisation.
Business depends on employees wisdom.
it's as usual one can override the steps.
these are checks which are being practiced in every organisation.
Business depends on employees wisdom.
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