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Answer Posted / ravindra thakre
this year expences but not paid in this year so expenses
paid & this expences payable
exp.
telephone Bill Rs.-300 Bill March
Bill Paid April
Dr. Telephone Charges -300
Cr. Telephone Charges Payable -300
Then Paid Amount April
Dr. Telephone Charges Payable -300
Cr. Cash Or Bank -300
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