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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

 3 Replies

Triveni Patil

Triveni Patil   26 November 2020

Will it comes in bs?

ATUL Y   26 November 2020

It will be treated as business expense:

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

Indirect exp. Dr. ××××
To Profit & loss a/c ××××
2 Like
Charan Raju

Charan Raju   04 December 2020

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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