AA-46 Traveling charges Reimbursement

2k is expense account
20k is income account

Dear Raja PM Sir,

Thanks for your reply but I am unable to understand. could you please elaborate?

For accounting purpose
2k should be recorded as Expense
20k should be recorded as Income.

For income purpose unspent amount will be added to your gross amount

In this query,
No more difficult, it's very basic accounting and entries. So, elaborate is no more...

1. (- we spend only Rs.2,000 for traveling)

- This is Your expenditure for the travelling aginst Your the service. So it's Expenditure account.

I said -> 2k is expense account

2. (- in service order Rs. 20,000 were allowed us)

This is Your Service Order and client also accept the value. So, You can raise 20k for travelling charges in Your invoice. So it's Your income.
I said -> 20k is income account...



( and Mr/Mrs/Ms/M/s My Videos
we don't what are You.
But, Please understand the reply if You ask basic questions in accounting. Bcoz, Your query is simplest in accounts as in Higher Secondary level)

Dear Jacinthamary,

Thanks for your reply.

Did you mean Rs. 18k will be added in gross sale ? so how will be it's journal entry ?

Originally posted by : RAJA P M

In this query,No more difficult, it's very basic accounting and entries. So, elaborate is no more...1. (- we spend only Rs.2,000 for traveling)- This is Your expenditure for the travelling aginst Your the service. So it's Expenditure account.I said -> 2k is expense account2. (- in service order Rs. 20,000 were allowed us)This is Your Service Order and client also accept the value. So, You can raise 20k for travelling charges in Your invoice. So it's Your income.I said -> 20k is income account...( and Mr/Mrs/Ms/M/s My Videoswe don't what are You.But, Please understand the reply if You ask basic questions in accounting. Bcoz, Your query is simplest in accounts as in Higher Secondary level)

Dear Raja PM Sir,

first of all, thanks for your reply again.

second, I would like to tell you that I am very fresh student of accounts that is why I take some time to understand reply of members against my query regarding accounting.

in above reply you are saying that 20k is my income, matter is that I am claiming both amount service fee and traveling charges in one invoice that is why I want to know how to record transaction in My accounting software (Busy Accounting Software).

please let me know what would be journal entry for both service fee and traveling charges when we claim both in one invoice as mentioned above?

please reply it to keep in mind that a fresh accounting student is asking question. 

Elaborate

Kind response awaited from Raja PM Sir.

Still Waiting for Raja PM Sir. 

Originally posted by : My Videos
	Still Waiting for Raja PM Sir.

Your query is already cleared.

Then why you still waiting and msg as still waiting...!!!

 

What you want exactly...???!

Originally posted by : RAJA P M
	Originally posted by : My Videos Still Waiting for Raja PM Sir.  Your query is already cleared. Then why you still waiting and msg as still waiting...!!!   What you want exactly...???!

"please let me know what would be journal entry for both service fee and traveling charges when we claim both in one invoice as mentioned above?"

I want your reply on above. Please reply.