Telephone expenses

Dear All

I Think if did not find that how many will be come telephone expenses,  you take amount estimates  basis as per past months. Dr telephone expeses to Created Liability

1.  Dr Telephone Exp.

         To  Outstading Expenses.

2.  Dr Outstanding Exp.

          To Cash /bank a/c

If you have find different then Debit & credit  expenses & income are booked.

Thanks

Ramanuj

dear shivani,

pass the provisional journal entry u don't know how much bill will come

Dr  Telephone bill a/c - Debit side of the Profit & loss a/c  

     Cr  Telephone bill payable a/c - Liability side of the Balance sheet

when bill is paid

Dr Telephone Bill payable a/c

     Cr Cash/Chq/DD