in reply of sreedapa answer ,suppose for the m/o march
telephone expense is Rs.800 and for the m/o april Rs.200
For this we will pass tthis entry :
Telephone expenses Dr 800
To Tel expenses payable 800
Telephone Expenses Payable Dr 800
to Bank/cash 800
(For the m/o march)
And for the m/o april, we will make the provision in the
m/o March
Telephone expenses Dr. 200
To Telephone Expenses Payable 200
Plz advice
- 1 Answers
- 2940 Views
- I also Faced
- E-Mail Answers
Answer Posted / vairamani natarajan
If we are closing our financial accounts on 31st March, then we need not consider the phone bill of april month in March.
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
What is accounting chart of accounts?
What is capital adequacy ratio? What is demat account?
pass journal entry for Prepaid insurance
Why TDS not Deducted on Service tax amount of Rent.
How can do it TDS in accounts?
Does anybody know anything about BirlaSoft? I got a job offer, they sent me a contract to sign and return, but thank God they didn't ask for any money! But, they said they would send me a check in the mail. And as my first "task" I would have to use that check to order a bunch of accounting software, and I would need to purchase this software ONLY from the vendors that THEY provide. Is this a scam to just get money? I'm wondering if they "own" the vendor they "work" with and launder money that way. I asked the person who was getting my information, as far as my name and address to send the check to, Why would I have to buy software to install in my home computer anyway? Couldn't they just send me a link for the software to download? I'm afraid of the check being fake. Because, if I deposit the check into my checking account and it turns out to be fake, then I'll owe the bank all that money! Hope to hear from someone soon. Thanks.
What are premises in accounting sense? What is vat adjustment?
When Iam entering sales in Tally ERP 9, It Is not reflecting in the stock, Why itt is happends like this ? I entered sales with delivery note Number, So think that is because it is not reflecting in Stocks, and when iam checking in the stocks its saying negative stock
Mobile on Rupees 2000 purchase for office use not for staff....What entry in accounts..?????
What is the journal entry of building rent and TDs payment?
Expand ctc cheque?
What are mis reports and how do you prepare it?
What accounts are to be debited and credited in this case o
what are the charecteristics of cost accounting financial accounting managment accounting payroll accounting environmental accounting h r accounting forensic accounting inflation accounting?
what's the difference between impress cash account and petty cash account
