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.
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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:
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