Interested to Buy Any Domain ? << Click Here >> for more details...
If the financial year is Jan till Dec then would we make
any entry for the telephone bill of Dec, whose invoice/bill
would generate in Jan of next year.
If yes what would be the amount as bill is still not
received and what would be the adjusting entereis. Also how
to rectify the same in next year?
- 3 Answers
- 5623 Views
- Infosys, I also Faced
- E-Mail Answers
Answer Posted / rabi
Entry would be Telephone Exp. Dr and Telephone Expanses payable Cr. (Telephone Expanses payable should be stand in the group of Current Liblty ) and Next Month in Jan expanses payable will Adjust with cash / bank
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
What qualities have you got that would make you a good accountant?
In which condition a vendor raise excise invoice & what are the effect of excise invoice on client ?
All Interview related Questions pertaining to General Ledger,Finance & Accounts.
What are the disadvantages of double entry system?
What is the difference between accrual
In accounting, are assets a permanent account?
which subsidiary book is source of these:debit note,credit slip,
How to make a vat entry in books including setoff?
Unrealised profit will be debited to ?
What do you think is a bank reconciliation statement?
In the balance sheet, where do you show tds?
formula of reduction in tax credit of vat form 201(gujarat)
What is balance sheet and off balance sheet?
Please give me a suggession to calculate the T.D.S,E.S.I,P.F, From salary which is in gross Rs. 15000/.
What is the general classification of accounts that usually ledger account involve?
