Hi Everyone,
Please explain me that, I have done expenses on behalf of employee,
I have done entry in tally.
Expenses a/c Dr
To Cash ac/
But I want to debit to employee.what is journal entry.
I am wainting for Valuable reply from all of you sir.
6 Replies
Hitesh
(Chartered accountant)
(382 Points)
Replied 08 November 2014
Employee a/c .................................dr
to exp a/c
SHINY
(CA Final Student)
(699 Points)
Replied 08 November 2014
The correct Journal Entry is :
Employee A/c ...Dr
To Cash
CA Parul Saxena
(CA)
(8517 Points)
Replied 10 November 2014
Expense account Dr..........................................................................................................................
To Cash.............................................................................................................................................
(Being expense incurred on behalf of employee(name))
If employee pays the amount:-
Cash A/c Dr...................................................................................................................................
To Expense..........................................................................................................................................
(Being amount received from the employee for the exp.incurred earlier on behalf of the employee)
rohit
(Student CA Final )
(117 Points)
Replied 06 December 2014
Expenses can't be booked because it is not your business expenses. therefore the enry would be:
Employee A/c Dr. & Cash Cr.
V P Narasimhan
(Accounts Manager)
(793 Points)
Replied 22 December 2014
If employee a/c can't be opened (normally won't prefer) we can create an a/c called
Amount Recoverable A/c or
Amount recoverable - Employee/s A/c
where an individual's name need not be exhibited.
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