we are paid advance to employee Rs.5000 for TADA. After Trevelling employee retu

we are paid advance to employee Rs.5000 for TADA. After Trevelling employee return Rs.500. please pass journal entry

Question Posted / waleed hussain

4 Answers
7827 Views
ABC, Express, I also Faced
E-Mail Answers

Answers were Sorted based on User's Feedback

we are paid advance to employee Rs.5000 for TADA. After Trevelling employee return Rs.500. please pa..

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

we are paid advance to employee Rs.5000 for TADA. After Trevelling employee return Rs.500. please pa..

Answer / vishal goel

At the time of Advance

Employee Advance (Mr. X) .... 5000
TO Cash ..... 5000

At the time of Return

Expenses 4500
Cash (Return Amount) 500
To Employee Advance 5000

Is This Answer Correct ?

3 Yes

2 No

we are paid advance to employee Rs.5000 for TADA. After Trevelling employee return Rs.500. please pa..

Answer / prem

1. IMPREST A/C DR. 5000/-

CASH A/C CR. 5000/-

2. CASH A/C DR. 500/-

IMPREST A/C CR. 500/-

Is This Answer Correct ?

0 Yes

4 No

we are paid advance to employee Rs.5000 for TADA. After Trevelling employee return Rs.500. please pa..

Answer / vishnumurali

At the time of Avance

Cash A/c Dr.... 5000.00
To,Employee Advance A/c 5000
At the time of return
Expenses A/c Dr 4500.00
Cash A/c Dr 500
To,Employee Advance :5000.00

Is This Answer Correct ?

0 Yes

4 No

Post New Answer

More Accounting General Interview Questions

How new/innavtive assets are to be treated under IFRS?

0 Answers

DEPRECIATION

3 Answers Bank Of America,

what is different between leaser of subsidary book and journal?

0 Answers

Why did you choose the a-levels you did?

0 Answers

What is consignment cycle.?Explain the steps involved in the Consignmet..?

0 Answers

I need to know when you buy a asset on credit and your monthly instalment is $10000 in the books where and how do you record the outstanding liability the interest and the capital instalments.Secondly the deposit that you receive which you should still send back to the tenat where in the books do you record for entry and the contra entry.

1 Answers

What is the difference between perpetual and periodic inventory systems?

0 Answers

as per partnership deed, salary to working partner is rs 8000/ per month (96000 annually), suppose if i have book profit of rs 50000/ only,then what is the procedure to give salary

0 Answers

What is the difference between shares and debenture?

3 Answers

tell about "E1" form

2 Answers

Hi sir, Our appointed one agent for sales promotion activities. This agent doing the job "canvas of our product". My quires 1)it is eligible for service tax and how to accounted. 2) this transaction is direct expenses or direct expenses? Pl suggest me

0 Answers Supraveni Chemicals,

What is the entry of Bank Cheque Dishoner? Recieve the cheque from SBA Enviro Pvt. Ltd. on dated 5 Jan2012 of Rs.500000/-. It will be dishonered on dated 10Jan2012.

1 Answers

For more Accounting General Interview Questions Click Here