Travelling Expenses Paid To Salesman Journal Entry

Journal Entry For Travelling Expenses Paid To Salesman / Sales Manager

A salesman promotes company’s products through launching different campaigns and giving offers to buyers during his visit to different places. For meeting travelling expenses of salesman, who needs to go to these places and running these campaigns, the company paid travelling expenses to salesman.

The journal entry to record for travelling expenses of Rs. 25000 paid to salesman for the period is shown below:

                                                        Travelling Expenses a/c  25000

 

                                                                                              Cash a/c / Bank a/c  25000

 

                                                               (Travelling Expenses Paid To Salesman)

Travelling expense is recorded in Income Statement as it is a Temporary Account.

So, we can conclude that the entry to record travelling expense is made by a debit to travelling expense account and a credit to cash or bank account.