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

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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

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