a)amount paid to rajiv as tour advance rs 2000 . b)rajiv submitted his tour bill rs 1820 and the balance amount paid by him in cash -journal entry
Answers
Answer:
Travelling expenses a/c dr.2000
To cash a/c. 2000
Explanation:
Traveling Expenses A/c ---dr 2,000
To Cash A/c 180
To Advance Paid 1,820
(being traveling expenses paid by Rajiv as advance and balance in cash.)
GIVEN: Amount paid to Rajiv as tour advance rs 2000. Rajiv submitted his tour bill of Rs 1820 and the balance amount was paid by him in cash.
TO FIND: Journal Entry
SOLUTION:
As we are given in the question,
Rajiv had to pay his traveling expenses.
in a way that 2,000 were already paid as advance and the rest was adjusted as cash after the travel.
Therefore,
The journal entry for the traveling expenses shall be written in the journal as ffollows
Traveling Expenses A/c ---dr 2,000
To Cash A/c 180
To Advance Paid 1,820
(being traveling expenses paid by Rajiv as advance and balance in cash.)
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