Accountancy, asked by Immanuel1406, 11 months ago

journal entry for sent a telegram of Rs.30

Answers

Answered by Anonymous

Journal Entry :

Telegram Charges A/C Dr Rs.30

To Cash A/C Rs.30

(Being telegram sent )

Explanation:

Telegram charges are expenses to the business.

All expenses and losses shall be debited as per the Nominal Account principle. Hence debited.

Cash balance is decreasing. Hence credited.

Immanuel1406: the price 30Rs.

Anonymous: It is not price here. That Rs.30 is the amount spent for sending the telegram. it is a revenue expenditure. It is neither purchases nor asset

Anonymous: I don't know where u are getting confused

Immanuel1406: Actually the whole question was : Sent a telegram of Rs.30 to Akshay for supplying goods of Rs.9000

Immanuel1406: I thought the proprietor is placing an order... and placing order is not an entry

Anonymous: Proprietor is supplying the goods to Akshay. Why will the proprietor place an order

Anonymous: he sent the telegram to his customer to inform him that he has sent the goods

Immanuel1406: ohh

Immanuel1406: thanks for spending your precious time for explaining without leaving any doubt in me

Anonymous: :) welcome

Answered by Anonymous

Heya mate ✌️✌️

Journal Entry ⏬⏬⏬⏬

Telegram charges A/c...................Dr...30
..........To cash A/c....30

✨ Hope this helps you ✨

Previous Question

Next Question