Travelling Expenses Comes Under Which Account
Travelling Expenses Is Which Type / Kind Of Account (Travelling Expenses Accounting Treatment) / Are These Direct Or Indirect Expenses? / Are These Debited To Profit And Loss Account? Travelling Expense is a Nominal Account as it is an Expense recorded in Income Statement or Profit and Loss Account . It is a Temporary Account . Travelling expense is neither a personal account nor a real account as it is not related with assets, liabilities and personal accounts to treat it as a personal or a real account. For example, travelling expenses of Rs. 20000 paid to sales manager for visiting a place to promote the business products is an example of a nominal account. Travelling expenses are closed at the end of the accounting period to Income Summary Account and not transferred to Balance Sheet / Statement Of Financial Position as these are not Permanent Accounts . Travelling Expenses In Trial Balance Debit Or Credit The normal or usual balance of these kinds of expenses i...