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what will be a journal entry when we received a teliphone
bill from air tel and payment of bill.

Answer Posted / chandra p. khandelwal

If you taking input credit of Service Tax credit than entry
will be as
Telephone Exp. A/c Dr.
Input Service Tax A/c Dr.
Input Service Tax Edu Cess A/c Dr.
Input Service Tax H. Edu Cess A/c Dr.
TO Bharti Tele Ltd. A/c

When Making Payment

Bharti Tele Ltd. A/c Dr.

To Bank A/c

Is This Answer Correct ?    16 Yes 1 No



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