What is meant by conveyance expenses?

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Answer:

Conveyance expenses are those travelling from workplace to residence and house to workplace and local travel costs. Conveyance costs provided to its staff by the organization Conveyance costs are the company’s burden, so its account form is nominal account The law of the nominal account is to debit all expenditures and losses, credit all sales and gains, Conveyance costs must be debited in the journal entry.

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Mr. Srinath maintains a columnar petty Cash Book on Imprest system. The Imprest amount is Rs 850. From the following information, show how his petty Cash Book would appear for the week ended 7th September 2011.

2011 Sept.
1	Balance in hand Rs 125, Paid for postage Rs 28, Stationary bill Rs 35, Refreshment expenses Rs 20.
3	Travelling and Conveyance Rs 34, Miscellaneous Expenses Rs 5, Refreshment expenses Rs 25.
4	Repair charges Rs 170.
5	Paid for postage Rs 21, Refreshment expenses Rs 22, Travelling expenses Rs 32.
6	Stationery Rs 47, Refreshment expenses Rs 19.
7	Miscellaneous Expenses Rs 12, Paid for postage Rs 7, Repair charges Rs 75.

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