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Former Member
May 07, 2010 at 10:29 AM

Down Payment clearing

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Hi All

Firstly hello to all my friends. I want to discuss a query regarding down payment to employees. we are giving advance to employees through cash. Entry will be following

Vendor/Employee Dr.

Cash Cr.

I can make it through f-43 or f-48

But at the time of clearing employee gives any expense bill or cash and the entry takes place is below.

Cash/ Expense Dr.

To Vendor Cr.

how can i clear it.

Thanks & Regards

Rahul Bhardwaj