Accounting treatment

What would be the accounting journal entries/ treatment in P&LA/c, Balance sheet,
If the person is carrying on Mobile recharge business
Replies (3)
Quick Summary
This discussion explores the correct accounting treatment for a mobile recharge business. It covers the necessary journal entries for the Profit & Loss account and Balance Sheet. The conversation clarifies how to classify expenses like telephone costs and indirect expenses within the business's financial records.

Will it comes in bs?
It will be treated as business expense:

Telephone exp. Dr. ××××
To Indirect exp. ××××

Indirect exp. Dr. ××××
To Profit & loss a/c ××××
Hi Dhaval

Can you brief me about Mobile Recharge Business ?
How you recharge, through Online agent

I can help you with Journal entries based on the above info

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