I paid telephone exp through cheque Rs.5000 to BSNL ltd
so what is the accounting entry ?
1. telephopne exp Dr.5000
To Bank 5000
or
1. Telephone Exp . Dr.5000
to BSNL 5000
2. BSNL dR.5000
TO BANK 5000
IN tALLY WHETHER jv is passed
I paid telephone exp through cheque Rs.5000 to BSNL ltd
so what is the accounting entry ?
1. telephopne exp Dr.5000
To Bank 5000
or
1. Telephone Exp . Dr.5000
to BSNL 5000
2. BSNL dR.5000
TO BANK 5000
IN tALLY WHETHER jv is passed
Telephone exp. Dr. 5000
To Bank 5000
sir why JV is not passed
Is it wrong if I pass JV and then make payment entry
it is nt at alll wrong. it is the effect of combined entry. if u pass jv, then u hav to make the ledger of bsnl too, but the a/c vil probably be tallied & passing those jv is irrelevant.
thanks
u r most welcome. plz not this is my opinion.:)
both ways may be used as per your convenience
if you want to know the bsnl ledger details. you can add a ledger account in the name of BSNL.
to pass this.
In Gateway of Tally ---> Accounting Voucher ---> Press F7 debit Telephone Exp and Credit BSNL LTD (bsnl treated as current liability)
For the payment
In Gateway of Tally ---> Accounting Voucher ---> Press F5 debit BSNL ltd and Credit Bank A.c
otherwise, you dont need to add this ledger.
Simply in payment vourcher (F5) Debit Telephone Exp ac. and Credit Bank A.c
You can put bank entry when cheque is issued and reconsile on payment date.
If you pass two entries you will have BSNL account in ledger. Will be helpful when you do expense analysis.
No problem.
Pass JV's when you are claiming Input ST on Telephone Bills
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