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we given tour advance to party how to treat entry and which
head have to given expenditure

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we given tour advance to party how to treat entry and which head have to given expenditure..

Answer / syed irfan

Advance(Party) A/c Dr.
To cash

and when he submit the actual expenditure .Advance account to be credited and expenditure account to be debited

Is This Answer Correct ?    7 Yes 1 No

we given tour advance to party how to treat entry and which head have to given expenditure..

Answer / anmol

Tour advance (party) a/c Dr
To cash/bank a/c

Is This Answer Correct ?    1 Yes 0 No

we given tour advance to party how to treat entry and which head have to given expenditure..

Answer / nadeem khan

since we are giving amount for tour it's nothing but travelling expenses for the company
and the entry shoul be

travelling a/c ...dr
to cash/bank a/c

Is This Answer Correct ?    1 Yes 0 No

we given tour advance to party how to treat entry and which head have to given expenditure..

Answer / kolli

Cash/Bank a/c DR
To Party(name)a/c
(Advance Paid For Tour)

Is This Answer Correct ?    1 Yes 7 No

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