what will be a journal entry when we received a teliphone
bill from air tel and payment of bill.
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Answer Posted / chandra p. khandelwal
If you taking input credit of Service Tax credit than entry
will be as
Telephone Exp. A/c Dr.
Input Service Tax A/c Dr.
Input Service Tax Edu Cess A/c Dr.
Input Service Tax H. Edu Cess A/c Dr.
TO Bharti Tele Ltd. A/c
When Making Payment
Bharti Tele Ltd. A/c Dr.
To Bank A/c
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