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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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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 |
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 |
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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