What is Journal Entry for Booking & paid Telephone Expenses.
Answer Posted / yogender singh
Telephone charges journal entry
Telephone expenses (Indirect exp) a/c Dr
To Telephone charges payable (current liabilities)
Telephone charges paid entry
Telephone charges payable a/c Dr
To bank or cash a/c
| Is This Answer Correct ? | 88 Yes | 5 No |
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Give ONE reason for Balance Sheet to be out of balance
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