The accounting treatment for reimbursement will be an expense to the organization. This will be credited on the cash book which indicates that the company has paid out money.
O
D, f, r
Filled Customer Orders Colleceted "R"
Filled Customer Orders Collected "R"
If paying right now: Debit Employee Reimbursement Expense Credit Cash If recording to pay at a later date: Debit Employee Reimbursement Expense Credit Accounts Payable (to the employee)
O
O
O
D, f, r
Filled Customer Orders Colleceted "R"
Filled Customer Orders Collected "R"
UFCO
If paying right now: Debit Employee Reimbursement Expense Credit Cash If recording to pay at a later date: Debit Employee Reimbursement Expense Credit Accounts Payable (to the employee)
The accounting treatment for transaction costs are as deductible for equity range. Since the IPO is defined as the first issuance of equity. Accounting also treats transactions of cost for IPO as a merger accounting method.
How does the accounting treatment of a partner's salary differ from that of an employee's salary in a partnership?
unfilled customer orders -ufco
Unfilled Customer Orders (UFCO)