Journal Entry

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Saurav

Saurav (Querist)
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20 May 2011 What will be the journal entry for telephone bill for the period of 10/03/2011 to 09/04/2011.

U S Sharma

U S Sharma (Expert)
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20 May 2011 book in april 2011 expenses

Saurav

Saurav (Querist)
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21 May 2011 suppose the amount of telephone will is rs 10000 then will the entry as

Telephone Exp A/c Dr.
O/s Exp A/C Dr.
To, Tata Indicom

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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21 May 2011 Yes, your entry is correct when you had taken the provision for the portion of March expenses in the last year

CS Bijoy

CS Bijoy (Expert)
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21 May 2011 Telephone is indirect expense entered in the p/l account.the entry will be
Telephone a/c.....Dr
to Cash or Bank a/c depend upon payment mode.

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