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what will be a journal entry when we received a teliphone
bill from air tel and payment of bill.

Answer Posted / k.s.ragu

01 TELEPHONE EXPS A/C DR
S.TAX CREDIT TAKEN A/C DR

TO BSNL/MTNL A/C
(BEING TELEPHONE EXPS FM TO )

02. WHILE MAKING PAYMENT

BSNL A/C DR
TO CASH/BANK A/C

(BEING TELEPHONE EXPS PAID)

Is This Answer Correct ?    41 Yes 8 No



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