Question

paid travelling expenses 100

Answer 1

3 golden rules

• debit the receiver , credit the giver

• debit what comes in , credit what goes out

• debit all the expenses and losses , credit all the incomes and gains

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reason for debit and credit

Travelling expenses A/c - nominal A/c , its the expense to the company therefore its debited

Cash A/c - real A/c , money goes out of the company therefore its credited

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Journal entry

Travelling expenses A/c    100

          To cash A/c                          100

(being travelling expenses paid)

Answer 2

Travelling Expenses A/C   Dr.  Rs.xxx      To Cash A/C.  Rs.xxx (Being Travelling expenses paid)