Accountancy, asked by gouthamswa6469, 2 months ago

Journal entry for traveling expenses paid to salesman .

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Answered by MSWalker
1

Answer:

From the expense claim the business will post the following reimbursed expenses journal entry. The debit of 200 represents the travel expense in the income statement of the business. The credit establishes a current liability account in the balance sheet representing the amount due to the employee

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