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 / rv1234
1st Entry
Dr. R A/C 5000.00
Cr. Cash A/C 5000.00
2nd Entry
DR. Expenses what ever he given account of Rs 3,000.00
Cr, R a/c to 3,000.00
3rd entry
DR.Cash A/C 1000.00
Cr.R A/C 1000.00
Due to cash received from him
Remaining one thousand he have to give the account if he not
given the account, he have to pay rest of amount it will
highlight on his account.
Is This Answer Correct ? | 20 Yes | 5 No |
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i am working in a company as wholesale in saudi arabia.i am one of the new.we are supplying to some hyper market. they will issue the money as cheque and they will send the cheque amount and invoice details also.then how can i reconcile our statement with use of that cheque details
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