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How many journal entries has to be passed in the books of ac

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Querist : Anonymous

Querist : Anonymous (Querist)

25 August 2013 i want somebody to put some light on my question, suppose i m an accoutant of a company, and my manager come up to me and ask me rs 25000 adv towards travelling exp as he has to attained a business meeting in delhi. he gave back to me rs 2000 on his return to office submitting authentic bills for rs20000 and said he lost rs 3000 on the way. so how may journal entries has to be passed in the books of accounts.

Ganeshbabu K

Ganeshbabu K (Expert)

25 August 2013 Assuming out of 25000 he returned 2000, and balance 23000 is expences..

1)Dr.Manager Advance A/c 25000
Cr.CashA/c / Bank A/c 25000
(being advance paid to manager on business meeting at delhi )

2)Dr.Travelling Expences A/c 23000
Dr.Cash/Bank A/c 2000
Cr.Manager advance A/c 25000
(Being travelling expences booked for business meeting of Manager,,approved by xxx,bills not available for 3000 Approved by)

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