what is the accounting entries of travel advance given to employee and settlem

what is the accounting entries of travel advance given to
employee and settlement entries of same.

Question Posted / shashi

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what is the accounting entries of travel advance given to employee and settlement entries of same...

Answer / sankar

1.Prepaid travelling charges a/c dr XXX
To Cash/Bank a/c XXX

2.Travelling charges a/c dr XXX
To Prepaid travelling charges a/c XXX

OR
Some companies will pay amount for bus pass to travell

Conveyance charges a/c Dr XXX
To Cash a/c XXX

Is This Answer Correct ?

8 Yes

3 No

what is the accounting entries of travel advance given to employee and settlement entries of same...

Answer / niranjan

pay advance travel exp a/c Dr
To cash a/c

Is This Answer Correct ?

5 Yes

4 No

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