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A company paid Mr.R an advance payment of Rs 5000 as tour
allowance. After the tour R, submitted travel bill with a
expense of Rs3000. He return Rs 1000 and claimed to pay the
rest 1000 on a future date. Please pass the journal entries.
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Answer / surendra
1. R A/C DR 5000/-
TO cash 5000/-
(Being amount debited to R A/C towards advance taken)
2.Traveling Expenses A/C dr 3000/-
cash A/C dr 1000/-
TO R 4000/-
(Being bills received towards traveling expenses& Cash
received from R Against Advance.)
| Is This Answer Correct ? | 62 Yes | 11 No |
1st Entry
Dr. R A/C 5000.00
Cr. Cash A/C 5000.00
2nd Entry
DR. Expenses what ever he given account of Rs 3,000.00
Cr, R a/c to 3,000.00
3rd entry
DR.Cash A/C 1000.00
Cr.R A/C 1000.00
Due to cash received from him
Remaining one thousand he have to give the account if he not
given the account, he have to pay rest of amount it will
highlight on his account.
| Is This Answer Correct ? | 20 Yes | 5 No |
Answer / selvun
Advance for Traveling expenses A/c Dr 5000
To Cash/Bank Cr 5000
(While cash/cheque paid to Mr.R)
Traveling Expenses A/c Dr 3000
Cash A/c Dr 1000
Staff R's A/c Dr 1000
To Advance for traveling expenses A/c Cr 5000
(While the staff Mr.R submits bills on travel and remits the
balance money)
Note: At outset Rs.5000 should not be directly debited to
R's a/c. Instead it has to be accounted as per standard
accounting principle. Moreover the advance for expenses
such as traveling etc. should be kept with separate identity
and reconciled periodically. The uncleared advance for
Traveling expenses are to be clubbed in the advances and
loans head to appear in the Balance sheet. Every transaction
has to be distinguished by way of entering in books
to keep its original track.
| Is This Answer Correct ? | 10 Yes | 2 No |
Answer / kumar
1.R A/C DR 5000/-
TO cash 5000/-
(Being amount debited to R A/C towards advance taken)
2.Traveling Expenses A/C dr 3000/-
cash A/C dr 1000/-
TO R 4000/-
(Being bills received towards traveling expenses& Cash
received from R Against Advance.)
3.Bill receivable A/c Dr.
To R
| Is This Answer Correct ? | 7 Yes | 2 No |
Answer / parsuram nayak
1.R A/C Dr.5000
To Cash.5000
(Being Adv.cash paid to Mr.R tow.their tour allowance)
2.Cash A/c.3000
To R.A/c.3000
(Being tour bill submitted by Mr.R & it is reverse entry for
you have to make journal(F7keys.) entry through Tally.9.0 )
3.Cash A/c Dr.1000
To R. A/c.1000
(Being Cash received from Mr. R )
one more entry to know about rest 1000
4.R A/c Dr.1000
To cash 1000
(Being Cash paid to Mr.R for future use)
otherwise, one reverse journal entry for 1st transaction or
1st journal
| Is This Answer Correct ? | 3 Yes | 2 No |
Answer / parsuram nayak
TA Dr.5000
To Cash.5000
(Being Adv.cash paid to Mr.R tow.their tour allowance)
2.Cash A/c.3000
To R.A/c.3000
(Being tour bill submitted by Mr.R & it is reverse entry for
you have to make journal(F7keys.) entry through Tally.9.0 )
3.Cash A/c Dr.1000
To R. A/c.1000
(Being Cash received from Mr. R )
one more entry to know about rest 1000
4.R A/c Dr.1000
To cash 1000
(Being Cash paid to Mr.R for future use)
otherwise, one reverse journal e
| Is This Answer Correct ? | 1 Yes | 2 No |
Does we need to make Registration Of Company(ROC) at every state? If we does nt make registration at every state,what will happen? Does we need to pay more tax without ROC at every state?
Alpha Co. issued to the public for subscription 40000 shares of rs 10 each at discount of 10%payable as rs. 2 each on application, allotment and first call and rs.3 on the final call. Applications were received for 60000 shares and allotment was made pro-rata to 80% of applicants. R to whom 2000 shares were allotted paid only the application money, and S who had applied for 3000 shares,paid the entire call money due along with the allotment. pass journal entries to record the above transaction.
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