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What is Journal Entry for Booking & paid Telephone Expenses.
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Answer / trupti
1. Journal Entry
Telephone charges A/c dr.
To MTNL A/c Cr.
2. Paid Entry
MTNL A/c dr.
To Cash/ Bank A/c Cr.
| Is This Answer Correct ? | 159 Yes | 25 No |
Answer / yogender singh
Telephone charges journal entry
Telephone expenses (Indirect exp) a/c Dr
To Telephone charges payable (current liabilities)
Telephone charges paid entry
Telephone charges payable a/c Dr
To bank or cash a/c
| Is This Answer Correct ? | 88 Yes | 5 No |
Answer / k.harish kumar
TELEPHONE CHARGES JOURNAL ENTRY
THIS IS TELEPHONE CHARGES JOURNAL ENTRY:
TELEPHONE CHARGES A/C
TO TELEPHONE CHARGES PAYABLE A/C
THIS IS TELEPHONE CHARGES PAID ENTRY:
TELEPHONE CHARGES PAYABLE A/C
TO BANK/CASH A/C
| Is This Answer Correct ? | 43 Yes | 6 No |
Answer / arijit mondal
booking expns & telephone a/c.......... dr
to, cash
| Is This Answer Correct ? | 21 Yes | 8 No |
Answer / divya
1.JOURNAL ENTRY
Telephone Charges A/c Dr
To Airtel A/c cr.
2. PAYMENT ENTRY
Airtel A/c Dr
To Cash / Bank A/c Cr
| Is This Answer Correct ? | 18 Yes | 7 No |
Answer / varun nayak
1. Journal Entry
Telephone charges A/c dr.
To Telephone payable A/c Cr.
2. Paid Entry
Telephone payable A/c dr.
To Cash/ Bank A/c C
| Is This Answer Correct ? | 9 Yes | 2 No |
Answer / anjali mittal
booking & telephone expenses a/c ...................dr.
to cash ya bank a/c
| Is This Answer Correct ? | 9 Yes | 5 No |
Answer / pramod kumar sahoo(tulshiram s
(1) Journal Voucher (F7), Booking for Telephone Expenses...........
Telephone Expenses A/c .........Dr (u/g ....Indirect Expenses)
To MTNL A/c (u/g....Creditor ...Liability)
(2) Payment Entry (F5)...
MTNL A/c...............Dr
To Cash /Bank
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / dasappa.s
Booking and Telephone Expenses A/C Dr
To Cash A/C
| Is This Answer Correct ? | 7 Yes | 7 No |
Answer / ashish tiwari
journal entry for booking and payment of expenses
(1) Booking of expenses
Expenses (telephone Exp) A/C D
To Expenses (telephone Exp) Payable A/C
(2) Payment of expenses
Expenses (telephone Exp) Payable A/C
To Bank A/C
| Is This Answer Correct ? | 1 Yes | 1 No |
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1. During the current period, ABC Ltd sold 60,000 units of product at Rs. 30 per unit. At the beginning for the period, there were 10,000 units in inventory and ABC Ltd manufactured 50,000 units during the period. The manufacturing costs and selling and administrative expenses were as follows: Total cost Number of units Unit cost Rs. Rs. Beginning inventory: Direct materials 67,000 10,000 6.70 Direct labour 1,55,000 10,000 15.50 Variable factory overhead 18,000 10,000 1.80 Fixed factory overhead 20,000 10,000 2.00 Total 2,60,000 26.00 Current period costs: Direct materials 3,50,000 50,000 7.00 Direct labour 8,10,000 50,000 16.20 Variable factory overhead 90,000 50,000 1.80 Fixed factory overhead 1,00,000 50,000 2.00 Total 13,50,000 27.00 Selling and administrative expenses: Variable 65,000 Fixed 45,000 Total 1,10,000 Instructions: 1. Prepare an income statement based on the variable costing concept. 2. Prepare an income statement based on the absorption costing concept. 3. Give the reason for the difference in the amount of income from operations in 1 and 2.
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