How should an expenses claim be recorded as a journal entry?
e.g. if the sole director of a private limited company goes on a course necessary for the company and pays for the course out of his own money, and then claims the expense of the course from the company, would the journal entry be as below?
Debit Study Course Expense (Director) £100
Credit Cash £100
e.g. if the sole director of a private limited company goes on a course necessary for the company and pays for the course out of his own money, and then claims the expense of the course from the company, would the journal entry be as below?
Debit Study Course Expense (Director) £100
Credit Cash £100
