Journal Entry
This query is : Resolved
20 May 2011
What will be the journal entry for telephone bill for the period of 10/03/2011 to 09/04/2011.
20 May 2011
book in april 2011 expenses
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
Telephone Exp A/c Dr.
O/s Exp A/C Dr.
To, Tata Indicom
21 May 2011
Yes, your entry is correct when you had taken the provision for the portion of March expenses in the last year
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.
Telephone a/c.....Dr
to Cash or Bank a/c depend upon payment mode.
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