Kindly tell me some journal entry of provision .
1) Make provision for Rs 100 teliphone bill on 31 March 2010.

2) teliphone bill received Rs 150/- on dated 10 Apr 2010.
What will be journal entry for both case in tally.

Answer Posted / kiran

telephone exp.a/c dr 100
to provosion telephoneexp.100
(being provision of telephone exp on 31.st march)

Is This Answer Correct ?    130 Yes 21 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Define retail banking?

657


Is there any circumstance where an accountant is allowed to depart from accounting standards while preparing financial statements? If yes explain why, if no explain no.

1704


Dear sir/madam, Want to know entry for closing of sundry creditors account on the end of the year when its accounts shows debit balance, Payment made excess. E.g Invoice rcvd : 100000.00 from XYZ company payment Made: 105000.00 Please suggest best entry for the same

1369


hi...this is chaitanya fresh bcom computer graduate i need job in finance feild will i get in genpact, deloitte, bank of america, or any other mnc...?

1545


Explain the Realisation concept and Accounting concept? why do you prepare p/l appropriation account? 4 difference b/w public and private caompany? How do you calculated closing stock in tradind a/c? Contents an invoice receipt? classification of Error as per accounting? Diff btwn Satutory audit & Internal audit? Diff b/w reserves for bad debts and provision for bad debts? Where the Bank book and the Cash book will not reconcile? When will the Cash book have a credit balance?

2388






If assume we paid 50/- as an advance for worth or 100/- goods, but our supplier sent only up to 25/- worth of goods. Know my question is that we want to close the transaction now and how it possible? What about vat like tax setups in ap and ar? What about the sweep command in ap?

658


entry for cash received from debtors

1175


Can you tell me entry tax will be applicable on Spectacles purchase from u s a  

1476


Tell me why some asset accounts have a credit balance?

669


What is general ledger account?

693


What are the activities that are included in the cash flow statement?

595


what will be the entry for inventory

1636


A COMPANY IS SERVICE PROVIDE TO B CO. 100,000 AND CHARGED STAX 10000 TOTAL BILL RAISED 110000 AND RECIEVED 30% FROM B IN DECEMBER AND 40% RECIEVED IN 10JAN2011, BALANCE 40% RECD IN 10 FEB2011 WHAT WILL BE GENERATED ACCORDING ACCOUNTING PRENCIPLE OF BOTH SIDE (MEAN A &B) WITH REVANUE& PROVISION PLEASE TELL ME

1406


what is loan operations and what are the complete process form from making customer to closure of loan

1692


What are the items that are to be debited in accounting and what are the items that are to be credited in accounting?

864