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Settlement of Advance in Payment Voucher

We have a road line company. We'll give advance payment to drivers. They will produce receipts, bills and get advance for next tour. Will we adjust the petrol, batta, loading charges and RTO PAYMENTS in payment voucher itself or  in the ledger of the drivers. how to do?

Pushpa from India
Pushpa ! every payment which your company pays to drivers in advance should record in payment voucher. All payments of  petrol, batta, loading charges and RTO payments will include in advance transport expenses. There is no need to create drivers ledger account if you have created advance transport expense ledger account. Driver or advance transport expenses account is personal account which will be adjusted in final accounts only because this not current year expenses.

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Accounting Education: Settlement of Advance in Payment Voucher
Settlement of Advance in Payment Voucher
Accounting Education
https://www.svtuition.org/2011/05/settlement-of-advance-in-payment.html
https://www.svtuition.org/
https://www.svtuition.org/
https://www.svtuition.org/2011/05/settlement-of-advance-in-payment.html
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