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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
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Answer / 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.
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pass journal entries of the following transaction in the books of AG sindh, AGPR,FTO and SBP: 1)DDo sindh house submitted a bill for purchase of furniture to AGPR islamabad for Rs.200000 on 20th March 09; 2)AGPR issued cheque on 2nd april which was cleared by SBP on 5th April; 3)On 26th may, voucher were exchanged in the clearing house; 4)On 28th May, AG sindh issued advise to settlement to SBP karachi; 5)On 5th june,SBP HQ karachi sends a copy of clearnce memo along with bank statement to AG sindh and AGPR for settlement made on 31st May.
Hi everybody, can anybody tell me what will be the journal entry for ( 1). Withdraw from SBH Rs.10,000 for office use. 2). Withdraw from SBH Rs.5,000 for private use. Thanks,
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