Poonawalla fincorp
Poonawalla fincorp

Journal Entry

This query is : Resolved 

20 May 2011 What will be the journal entry for telephone bill for the period of 10/03/2011 to 09/04/2011.

20 May 2011 book in april 2011 expenses

21 May 2011 suppose the amount of telephone will is rs 10000 then will the entry as

Telephone Exp A/c Dr.
O/s Exp A/C Dr.
To, Tata Indicom


21 May 2011 Yes, your entry is correct when you had taken the provision for the portion of March expenses in the last year

21 May 2011 Telephone is indirect expense entered in the p/l account.the entry will be
Telephone a/c.....Dr
to Cash or Bank a/c depend upon payment mode.



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