Accounting entry required
This query is : Resolved
sanjib chatterjee
(Querist)
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
Amol S Joglekar
(Expert)
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.
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sanjib chatterjee
(Querist)
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.
Amol S Joglekar
(Expert)
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.....
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