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Kindly tell me some journal entry of provision .
1) Make provision for Rs 100 teliphone bill on 31 March 2010.

2) teliphone bill received Rs 150/- on dated 10 Apr 2010.
What will be journal entry for both case in tally.

Answer Posted / sai ram

31-03-10

Telephone Exp. a/c Dr 100.00
To Telephone Exp. Payable A/c 100.00
(being the provision made for telephone expenses)

10-04-10

Telephone Exp. A/c 50.00
Telephone Exp. Payable A/c 100.00
To Creditor or service provider A/c 150.00
(being the provision reversed and balance exp booked)

Is This Answer Correct ?    56 Yes 13 No



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