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we are paid advance to employee Rs.5000 for TADA. After Trevelling employee return Rs.500. please pass journal entry

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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