To account travelling expenses incurred in the books of accounts, which of the following transactions can be viewed?
Journal Voucher
Payment Voucher
Contra Voucher
Receipt Voucher
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Payment Voucher
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Journal Voucher
The costs of travelling for the purpose of performing business are referred to as travel expenses. When employees spend charges when travelling away from home exclusively for business purposes, the business can often deduct reasonable travel expenses. Conferences and meetings are examples of business purposes. Whereas many travel costs can be subtracted, those that are excessive, opulent, or extravagant in nature, or are for personal reasons, are not.
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