Accounting entry required
This query is : Resolved
07 December 2012
Dear All,
I need a accounting entry, telephone bill in the name of company A,and the bill payment made by company B,note that A company is a proprietorship & B Company is a Company.
B company is using this telephone line & owner is same person.
Is there any problem if accounting entry goes on in this system until the changing the name or address of this telephone.
Thanking you
I need a accounting entry, telephone bill in the name of company A,and the bill payment made by company B,note that A company is a proprietorship & B Company is a Company.
B company is using this telephone line & owner is same person.
Is there any problem if accounting entry goes on in this system until the changing the name or address of this telephone.
Thanking you
07 December 2012
You can debit the same to telephone charges. Take a letter on record stating the said arrangement of payment by B and all that.
Message likes :
1 times
07 December 2012
thanks for your comment.
I want to booked telephone expenses in the books of B company could you please explain the entry.
I want to booked telephone expenses in the books of B company could you please explain the entry.
07 December 2012
That is what i narrated. Book the expenses in the books of B i.e. company and take a letter from that individual.....
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Sale of goods to the purchasing party
- Resignation of auditor and appointment and cfss
- OLD REGIM AND NEW REGIM
- IS AUDIT MANDATORY IF COMMISSION INCOME IS MORE THAN 50 LAKH
- Portuguese Civil Code IT Return
- Carriage Road Act, 2007 read with Carriage by Road Rules, 2011
- Sec 44ada applicable only or both
- Compulsory aqisation of Agriculture & Non Agriculture land are taxable or not ?
- SCARP SALES - GST INVOICE & GST APPLICABILITY
- Partnership firm under Section 44AD
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
