hanimi (Accounts) (41 Points)
27 May 2015I am working in firm, it is in Bangalore, i need to enter travelling & food & lodge expenses of partner, he is travel frequently from Hyderabad to Banalore to vist company. he pay expenses from his credit card. now how to i post entries to his a/c & expenses a/c.
thanking you sir
V P Narasimhan
(Accounts Manager)
(791 Points)
Replied 14 July 2015
At the time of booking the expense
Travelling Expenses A/c Dr
Credit Card Payable a/c Cr
At the time of effecting Payemnt
Credit Card Payable a/c Dr
Bank A/c Cr
Thing to ascertain:
1) Expense Statement with bills/supportings 2) Credit Cardf Statemetn of Paid Slip in support of the Expenses
CAclubindia
