Question

Journal entry of traveling expenses

Answer 1

Travelling expenses a c Dr.
To cash a c

Answer 2

Traveling expenses

Explanation:

                              Books of (----Limited)

                                   Journal entry

Date        Account Title and Explanation     Debit   Credit

1. If traveling expenses treated as business expenses.

                Traveling expenses  A\c Dr.             xxx

                  To   Cash/Bank               A\c                        xxx

             (Being traveling expenses is paid)

2. If traveling expenses treated as personal expenses.

                  Drawing                  A\c Dr.             xxx

                  To   Cash/Bank               A\c                        xxx

             (Being traveling expenses is treated as drawing)

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