Sir
please guide if i received tour exp for marketing from company where to show in my individual accounts.
is it in credit side of profit and loss account as income?
Credit side of income statement.
2 Replies
Sagar Patel
(Tax and Business Consultant)
(11611 Points)
Replied 01 October 2020
If it's just reimbursement of expenses incurred by you for company business purposes, than it's got nullified against actual expenses....
e.g. Company (reimbursement) A/c Dr.
To Cash/Bank A/c
(being expenses incurred on behalf of Company)
than, Cash/Bank A/c Dr.
To Company (reimbursement) A/c
(being reimbursement of expenses received)
e.g. Company (reimbursement) A/c Dr.
To Cash/Bank A/c
(being expenses incurred on behalf of Company)
than, Cash/Bank A/c Dr.
To Company (reimbursement) A/c
(being reimbursement of expenses received)
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