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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 / 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 |
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