Journal entry for due

Save Share

This query is : Resolved

Srimannarayana (Querist)
Follow

26 August 2015 We paid the Old Due balance to BSNL for past 3 years(Telephone, Internet bills) in single Settlement.What is the entry for it.

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

26 August 2015 If already provided in the books of accounts

Debit Provision
Credit Bank/Cash as the case may be

If NOT provided in the books of accounts

Debit Telephone Charges etc 2011-12
Debit Telephone charges etc 2012-13
Debit Telephone Charges etc 2013-14
Credit Bank/Cash as the case may be.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now