Question

Paid telephone expenses by cheque in journal entry

Answer 1

Telephone charges journal entry is the procedure to enter all the values of a telephone expenses in a journal in some stipulated manner.

The entry should be done according to the payment status.

The dues should also be kept in mind for this. The journal entry is needed for correct handling of the expenses through the telephone.

Answer 2

Journal Entry

Explanation:

journal entry with dual aspect

Explanation: Basic rule of accounts

1. Expense will be debit

2. Decrease in asset (credit)

Paid telephone expenses by cheque

Under above there are 2 aspect come

1. Paid telephone expenses means expenses for company means debit according to rule

2. money become decrease means bank is decreased so bank will be credited

Journal

Particular                                     Dr.(Amount)               Cr.(Amount)

Telephone expenses a/c  Dr

        To  Bank a/c

(Being telephone expenses Paid by cheque)

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