Question

Journal entry for telephone charges paid

Answer 1

Answer:

Telephone expenses A/c .......dr.

To cash A/c

Explanation:

Because telephone charges are expenses to be paid in cash

Answer 2

In this question, we are asked to pass the journal entry for the telephone charges paid.

Telephone Charges A/C DR

                           To Bank OR Cash A/C

( Being telephone charges paid )

• Telephone charges are an expense and when it is reduced it is debited.
• Bank and cash is our asset and when we pay the charges it is reduced which decreases it and hence it will be credited.
• When an asset increases it is debited and when it decreases it is credited.
• When expense increased it is credited and when they reduce it is debited.

PROJECT CODE #SPJ3

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