Please HELP! Double entry query
Win2020
Registered Posts: 2
Hi everyone. I hope you can help me. I have a bit of an odd double entry situation going on and it's frying my brain.
So basically an employee has accidentally used a company credit card for personal expenses. We have since deducted this from his wages and my Boss had told me that this needs to be debited from the salary control account and credited to the credit card expense account, However I have currently a debit balance on the Salary control account so I am concerned I have done something wrong. Any help would be appreciated. Thanks
So basically an employee has accidentally used a company credit card for personal expenses. We have since deducted this from his wages and my Boss had told me that this needs to be debited from the salary control account and credited to the credit card expense account, However I have currently a debit balance on the Salary control account so I am concerned I have done something wrong. Any help would be appreciated. Thanks
0
Comments
-
So for example. If the employee lets just say was meant to be paid 1015 and we deducted the 15 credit card expenditure as non tax deductible, how would the rest be posted. including the D/D payment of the credit card. Thanks0
Categories
- All Categories
- 1.2K Books to buy and sell
- 2.3K General discussion
- 12.5K For AAT students
- 318 NEW! Qualifications 2022
- 161 General Qualifications 2022 discussion
- 11 AAT Level 2 Certificate in Accounting
- 56 AAT Level 3 Diploma in Accounting
- 87 AAT Level 4 Diploma in Professional Accounting
- 8.8K For accounting professionals
- 23 coronavirus (Covid-19)
- 272 VAT
- 92 Software
- 273 Tax
- 135 Bookkeeping
- 7.2K General accounting discussion
- 200 AAT member discussion
- 3.8K For everyone
- 38 AAT news and announcements
- 345 Feedback for AAT
- 2.8K Chat and off-topic discussion
- 582 Job postings
- 16 Who can benefit from AAT?
- 36 Where can AAT take me?
- 42 Getting started with AAT
- 26 Finding an AAT training provider
- 48 Distance learning and other ways to study AAT
- 25 Apprenticeships
- 66 AAT membership