Question

Paid Telephone Bill Including GST @ 18% 3,540. pass journal entry. need detailed explanation, gst calculation and entry. you'll be marked brainliest ​

Answer 1

Answer:

Telephone Bill 3540 ( Dr )

Cash 3540 ( Cr )

Explanation:

Expenses are always debited . As in the income statement you also list down expenses as Debit.

GST Calculation = 3540× 18%

= 637.2 GST

There is no need to give separate entry of GST as you are already paying it inclusive of the Telephone Bill.

Answer 2

Answer:

telephone expence A/c 448(being paid for GST