Answer / darshan

1. Journal Entry

Telephone charges A/c dr.
To MTNL A/c Cr.

2. Paid Entry

MTNL A/c dr.
To Cash/ Bank A/c Cr.

Or

Telephone charges A/c dr.
To Cash/ Bank A/c Cr.

Expand-------CAN

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tax on raw material is direct expense or indirect expense

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Expand C B D T

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define bank Draft

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Expand ------NITES

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What will your outlook towards maintenance of liquid assets to ensure that the firm has adequate cash in hand to meet its obligations at all times

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