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If the financial year is Jan till Dec then would we make
any entry for the telephone bill of Dec, whose invoice/bill
would generate in Jan of next year.
If yes what would be the amount as bill is still not
received and what would be the adjusting entereis. Also how
to rectify the same in next year?
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Answer Posted / sajid khan
for the Dec telephone bill made a provision, and debit the
profit and loss account and credit the telephone bill
account.
| Is This Answer Correct ? | 3 Yes | 3 No |
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