Question

A train started from chandigarh for New Delhi .After travel time of 1 hour 45 min , train halted at karnal for 35 min. lt left karnal at 11:40 am fom New Delhi . lf it takes 2 hour 15 min to reach New Delhi,then what time did the train start from Chandigarh.​

Answer 1

Answer:

Here we are claiming travel expense from the company ABC.

In ABC books it should have the below entries.

Travel expenses a/c dr

Accounts payable a/c cr

(being recognizing the expenses)

2) Accounts payable a/c dr

Employee reimbursement a/c cr

(being liability arised )

3) Employee reimbursement a/c dr

cash/bank a/c cr

(when clearing the liability by making the payment)

Step-by-step explanation: