Question

8
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1. TELEPHONE CHARGES SHOULD BE
EXAMINED ON THE BASIS OF​

Answer 1

Telephone charges should be examined on the basis of telephone bill.

• There is a fixed rental for telephone whether you make any call or not. After the free calling limit, there will be charge per call.
• Therefore, telephone expenses are called as semi variable expenses.

What are telephone charges?

• Telephone expense is the cost associated with all land lines, fax lines, and cell phones during a usage period.
• If a cost is incurred in advance, then it is initially recorded as a prepaid expense, and later recognized as telephone expense in the period in which the service is actually used.

Is telephone bill a communication expense?

• Communication expenses, including local telephone costs, must normally be treated as indirect costs.

Hence, On the basis of the telephone bill, telephone charges should be investigated.

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Answer 2

Answer:

The required answer:

Telephone charges should be examined on the basis of telephone bill.

Explanation:

Telephone charges:

• The cost of all landlines, fax lines, and mobile phones used during a usage period is referred to as telephone expense.

• If a cost is anticipated in advance, it is first recorded as a prepaid expense before being recognized as a telephone expense in the period the service is actually used.

Are our phone bills considered a communication expense?

• Local phone bills and other communication costs must often be considered indirect costs.

Therefore, On the basis of the telephone bill, telephone charges should be investigated.

• The phone has a set monthly leasing charge regardless of whether you place a call or not. After the free calling cap, every call will incur a fee.

• Phone charges are therefore referred to as semi-variable costs.

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