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.
Answer Posted / 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 |
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