What is Journal Entry for Booking & paid Telephone Expenses.
Answer Posted / ashish tiwari
journal entry for booking and payment of expenses
(1) Booking of expenses
Expenses (telephone Exp) A/C D
To Expenses (telephone Exp) Payable A/C
(2) Payment of expenses
Expenses (telephone Exp) Payable A/C
To Bank A/C
Is This Answer Correct ? | 1 Yes | 1 No |
Post New Answer View All Answers
What are the nine accounting cycles?
Describe the advantages and disadvantages of the different accounting packages/systems you have used recently in your accountant jobs
how to create salary and pf statement in excel sheet?
The Tabula Manufacturing Company has been in business for one month. At the end of month the company had the following accounts: Materials used K 5 000.00 Direct labour 10 000.00 Indirect labour 3 000.00 Indirect materials 2 000.00 Labour fringe benefits 1 000.00 Supervisor’s salary 1 000.00 Depreciation Machinery 2 000.00 Miscellaneous factory overhead 1 000.00 Heat and light 500.00 Insurance on plant 1 500.00 The company processed two jobs during the month with costs as follows: Job 101 Job 102 Materials cost K3 000.00 K2 000.00 Direct labour cost K6 000.00 K4 000.00 Direct labour hours 4 000.00 3 000.00 Machine hours 2 000.00 1 000.00 The company does not use a predetermined rate for factory overhead. The rate is computed at the end of each month. Required Use both the direct labour hours and machine hours to compute: 1) The overhead rates for the month (5 pts) 2) The overhead cost for each job (5pts) 3) The total cost for each job (10 pts) 4) Briefly describe the difference between Job order and process costing, citing relevant examples (5 pts).
What is mean by working capital?
What do we mean by purchase return in accounting?
capital goods purchased from Singapore. payment made by bank in rupees. but the invoice value is in USD, How to make purchase entry in tally?
how to calculate basic to gross salary
Mention what is bank reconciliation?
When Iam entering sales in Tally ERP 9, It Is not reflecting in the stock, Why itt is happends like this ? I entered sales with delivery note Number, So think that is because it is not reflecting in Stocks, and when iam checking in the stocks its saying negative stock
Write about the media role in daily life
What is your greatest achievement and why?
what is faviourable balance,and overdraf balance in Brs? Give me sms on this no. 9885789716
For example for formation of a new company/offshore company you need to show paid up capital of 100K but you don't have 100K you as a director borrow loan of 100K from 3rd party and deposit in the bank as paid up capital and issued shares of 100K in director name. After one week you return back 3rd part loan. What are the entries in the books?
under which accounting rule prepaid salary?