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whats is the Journal entry for Telephone Expenses?
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Answer / sonam
When exp.will be paid.
Telephone Exp. Dr.
To cash/Bank
and when telephone exp.is payable
when exp. incurred
Telephone exp. Dr.
To telephone exp.payable
When exp. paid
Telephone exp.payable Dr.
To cash/Bank
| Is This Answer Correct ? | 3 Yes | 1 No |
Answer / sandeepreddy
TELPHONE CHARGES A/C Dr
TO TELPHONE CHARGES PAYBLE A/C
| Is This Answer Correct ? | 13 Yes | 12 No |
Answer / ramya
Telephone Expenses A/c.......dr
To Cash A/c
(Telephone Charges paid by Cash )
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / rohith b c
Telephone exp A/c ......dr
To Sundry cr a/c.....cr
this is journal entry
Sundry cr a/c......dr
To Cash a/c......cr
To Bank a/c......cr
this is payment entry
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / sonam
This is the Journal Entry for
Telephone Exp.A/c Dr.
To Telephone Expenses Payble A/c
And when it is paid the entry will be
Telephone Expenses Payble A/c Dr.
To Cash/Bank A/c
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / ramakrishna
Telephone expenses A/c ...................Dr
To Cash A/c
He din't mentioned the mode of payment,hence we assume
the telephone expenses are paid in cash.If it is in any
another mode he should clearly mention.
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / bharath kumar
Telephone expenses A\C dr
To cash\bank A\C
(this transaction is for the amt actully paid)
profit and loss A\C dr
To Telephone expenses A\C
(this is an actul epenses posting transaction)
because accounts deals with the concept of double entry
there should be proper transaction regarding it
refer basic accountancy book for further details
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / k.santosh
Telephone Charges A/C....Dr ****
To Cash A/C ****
Because as per golden rules:
It is coming under the NOMINAL
A/C (Debit all expenses & Losses & Credit all Income & gains)
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / bijoy mohanty
At the time Due entry is made.
---------------------------
Telephone Exp A/c Dr.
To Telephone exp payable or Party Name
*********************************************************
At the time payment entry.
----------------------------
Telephone exp payable Or Party Name A/c Dr.
To Cash / Bank.
Regards
Bijoy Mohanty.
| Is This Answer Correct ? | 0 Yes | 0 No |
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