Journal entry

A/c entries 335 views 1 replies

if cash paid for expense but we dont know the nature of exepense..then what will be the journal entry for this transaction.

and how we keep record of this transaction,and what will we do when we know the nature of acctual exepense

 

Replies (1)
  1. Treat it as advance to the person to whom it is paid and adjust later OR
  2. Keep it as suspense off the record


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