Question

Telephone bill pay by cheque 2000

Answer 1

3 golden rules

personal accounts - debit the received and credit the giver

real accounts -debit what comes in and credit what comes out

nominal accounts - debit all the expenses and losses, credit all the income and gains

as per the question 2 accounts affect telephone expenses account and bank account as its paid by cheque.

Telephone expenses - Nominal account

BAnk account - real account

by applying the golden rules ,

increase in expenses and decreases in bank ( asset)

telephone expenses is expenses therefore its debit . bank is real account where cash which goes out of business therefore its credit .

Journal entry

Telephone expenses A/c Dr 2000

           To Bank A/c 2000

(Being telephone expenses paid by cheque)

Hope its useful..!!