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what is the accounting entries of travel advance given to
employee and settlement entries of same.
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Answer / sankar
1.Prepaid travelling charges a/c dr XXX
To Cash/Bank a/c XXX
2.Travelling charges a/c dr XXX
To Prepaid travelling charges a/c XXX
OR
Some companies will pay amount for bus pass to travell
Conveyance charges a/c Dr XXX
To Cash a/c XXX
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