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 / k.s.ragu
01 TELEPHONE EXPS A/C DR
S.TAX CREDIT TAKEN A/C DR
TO BSNL/MTNL A/C
(BEING TELEPHONE EXPS FM TO )
02. WHILE MAKING PAYMENT
BSNL A/C DR
TO CASH/BANK A/C
(BEING TELEPHONE EXPS PAID)
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