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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 / komara
1) Provision for Telephone bill on March 2010
Telephone Expenses A/c Dr 100.00
To Telephone Expenses payable A/c 100.00
2) Journal Entry on April 2010
Telephone Expenses Payable A/c 100.00 Dr
Telephone Expenses A/c 50.00 Dr
To Service Provider A/c 150.00
| Is This Answer Correct ? | 8 Yes | 5 No |
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