Question

travelling expenses 5000 journal entry​

Answer 1

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)

Explanation:

Answer 2

Answer:

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