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we are paid advance to employee Rs.5000 for TADA. After Trevelling employee return Rs.500. please pass journal entry
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Answer Posted / vishal goel
At the time of Advance
Employee Advance (Mr. X) .... 5000
TO Cash ..... 5000
At the time of Return
Expenses 4500
Cash (Return Amount) 500
To Employee Advance 5000
| Is This Answer Correct ? | 3 Yes | 2 No |
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