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we given tour advance to party how to treat entry and which
head have to given expenditure

Answers were Sorted based on User's Feedback



we given tour advance to party how to treat entry and which head have to given expenditure..

Answer / syed irfan

Advance(Party) A/c Dr.
To cash

and when he submit the actual expenditure .Advance account to be credited and expenditure account to be debited

Is This Answer Correct ?    7 Yes 1 No

we given tour advance to party how to treat entry and which head have to given expenditure..

Answer / anmol

Tour advance (party) a/c Dr
To cash/bank a/c

Is This Answer Correct ?    1 Yes 0 No

we given tour advance to party how to treat entry and which head have to given expenditure..

Answer / nadeem khan

since we are giving amount for tour it's nothing but travelling expenses for the company
and the entry shoul be

travelling a/c ...dr
to cash/bank a/c

Is This Answer Correct ?    1 Yes 0 No

we given tour advance to party how to treat entry and which head have to given expenditure..

Answer / kolli

Cash/Bank a/c DR
To Party(name)a/c
(Advance Paid For Tour)

Is This Answer Correct ?    1 Yes 7 No

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