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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.
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Answer Posted / d.s.negi
31.03.2010 telephone exp. 100
to telephone exp.payable 100
10.04.2010
telephone exp. 50
to telephone exp.payable 50
Because we already had provision of Rs.100/ and bill
received exceeds to Rs.150. Its means that amount of Rs.50
is extra.
| Is This Answer Correct ? | 28 Yes | 11 No |
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