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Electricity payable enty

Others 687 views 2 replies
hi, we received electricity bill from abc 50000 in march month and paid in April, pass payable entry...
Replies (2)
In March month:
Electricity Expenses A/c Dr..
To Electricity Payable/Electricity Co. A/c

At time of payment :
Electricity Payable/Electricity Co. A/c Dr..
To Cash/bank A/c
At the time of booking of bills :
1.open a ledger account in creditors ledger
in the name of the electricty company paying electricity..
say for example :
reliance ifrastructure
open another account electricty charges
dr. electricty charges
cr. reliance infrastructure


when paymenybis being done:

reliance infrastructure dr.
to bank...


So electrict charges isvtransfered at the end of the month to Pl account.


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