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.
- 6 Answers
- 30589 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
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 |
Can any body tell me what is the difference between Company act & income tax act depreciation chart, if any one have any chart or clarification about it, please mail me at vaish_shiwani87@rediffmail.com
Sir, I want to know ... What is excise duty ?
WHAT IS THE USE OF RATIO ANALYSIS
20 Answers HBL Power Systems, Satyam,
what type of questions will be asked in the interviews
What is your Strenth and waekness & why
1 Answers Aloha Technology, Deloitte,
If the supplier is register in tax department,but he is not charging vat, what is the reason, get me as soon as possible,
How to raise capital (equity) in non-listed company?
What do you know about KPMG?
whether an independant auditor can increase his fees in properitory firm according to turnover.
What are non-cash impairment charges?
How to involve people in audit?
What is tax audit
Audit 
