we are paid advance to employee Rs.5000 for TADA. After Trevelling employee return Rs.500. please pass journal entry
- 4 Answers
- 6641 Views
- ABC, Express, I also Faced
- E-Mail Answers
Answer Posted / vishalgoel88@yahoo.com
At the time of Advance
Employee advance ... 5000
TO Cash .... 5000
At the time of return
Expenses 4500
Cash (Return Amount) 500
To Employee advance 5000
| Is This Answer Correct ? | 6 Yes | 1 No |
Post New Answer View All Answers
Define fair value accounting?
What is the use of accounting?
What steps would you take to locate the errors in case trial balance disagrees?
1.A Company with a net income of $ 7,650 in a year and has 3,000 outstanding shares. Calculate the Earning per Share (EPS).
Real,Nominal or Personal. Where do reserves, general reserve and Specific Reserve Go? and why?
If there is an excess amt of TDS paid under the head TDS on contractor, then how it can be shown in Annexure of TDS return?
What are the functions of manger -accounts and manager-finance?
what is the entry to be made for vat when any purchase is made in that bill vat amount is included ?
My question is that can i taken input credit of service tax of telephone bill & courier bill & labour contractore bills in exemption Area.
How new/innavtive assets are to be treated under IFRS?
on the basis accounting,acounting is divided in to how many classes and what are they?
how to pass entry in tally for Interest received on sweep credited to saving a/c? In what group it should be come
What is vat adjustment?
Tell me what are things will not be included in bank reconciliation statement?
In accounting, are assets a permanent account?
