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.
- 11 Answers
- 54621 Views
- Goldman Sachs, I also Faced
- E-Mail Answers
Answer Posted / ratnakar govind chikte
1 St You make Journal entry
Dr To Telephone Ex A/C Rs 100
Cr To Outstanding Ex For Libilites Rs 100
on payment
Dr to outstanding ex for libilites Rs 100
Dr to Telephone ex A/c Rs 50
cr To Cash/Bank A/c Rs 150
| Is This Answer Correct ? | 18 Yes | 3 No |
Post New Answer View All Answers
Explain some of the accrued expenses and the accounts in which you would record them?
how to calculate the per unit cost of production
Explain in simple terms what is the difference between asset, equity, and liabilities?
Explain what is liabilities and what all does include in current liabilities?
A non-function currency claim:- Employee while updating a non functional currency claim the system uses the period end rate i.e. any claim pertaining to the period 01Aug - 25th Aug. the system uses the period end rate as of July 31st. (2) Also, what is the basis of using the period end rate not the average rate for expenses claim. Can you please clarify my question.
your company by machinary for Rs 3000000/-, what will be the maximum term lean avaible form bank?
Tell me what is ledger?
How to get C forms in online? Plz give me Processor Thanq
Tax Invoice: Client had settled Rs. 5,25,000/- {after deducting TDS @ 10% from base/gross amount and then added (+) Service Tax Amount (15%)} which equals to Rs. 525000/- (Settled Amount by Client). Please let me know what will be gross amount and total invoice amount including Service Tax????
how to upload ledgers in excel or word document
What is the difference between a cash flow statement and an accural profit & loss account ? And why do simple organisations do not feel the need for a profit and loss type of statement ?
what's the difference between impress cash account and petty cash account
Tell me what is “deposit in transit”?
why only 6 months interest is charged on drawings
what is a grn in terms of accounting ? what is a grnthroughpo in terms of purchase order? what is a direct grn?
