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foreign business trip expense

31 July 2019

if a company director go for business trip and pay ticket expense with his personal credit card.And now company pay his all expenses.

tell me how can I entered entry in tally.
can I open imprest ledger to show advance?

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1 Replies

Durgesh Mourya (219 Points)
Replied 04 August 2019

There are many other possible type of Accounting. I use simple technique, Just When the Director Submit Bills to the Company, We take as Travel Expenses. Apply Exchange rate as on Bill date.