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Accounting Entries for PRO Expenses | PDF
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Accounting Entries for PRO Expenses

If the cost center is 2010, the accounting entries are to debit Visa Expense and Emirates ID Expense, and credit PRO Expense Advance. If the cost center is not 2010, the entries are to debit Intercompany Customer Account and credit PRO Expense Advance in CC 2010, and to debit Visa Expense and Emirates ID Expense and credit Intercompany Vendor Account in the other cost center.

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29 views1 page

Accounting Entries for PRO Expenses

If the cost center is 2010, the accounting entries are to debit Visa Expense and Emirates ID Expense, and credit PRO Expense Advance. If the cost center is not 2010, the entries are to debit Intercompany Customer Account and credit PRO Expense Advance in CC 2010, and to debit Visa Expense and Emirates ID Expense and credit Intercompany Vendor Account in the other cost center.

Uploaded by

riyasbiyyam
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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PRO Expense Booking Entries

1. IF the CC is 2010 entry should be,


Accounting entries in CC 2010

Visa Expense

Dr.

Emirates ID Expense

Dr.

To PRO Expense Advance Cr.

2. IF the CC is other than CC 2010 entry should be following,


Accounting entries in CC 2010
Intercompany Customer A/c

Dr.

(e.g.: 12002370)

To PRO Expense Advance Cr.

&
Accounting entries in Store A/c (CC 2370)
Visa Expense

Dr.

Emirates ID Expense

Dr.

To Intercompany Vendor A/c

Cr. (i.e. 14002010)

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