Question regarding Provision of Telephone Expenses


Joined
Aug 3, 2016
Messages
1
Reaction score
0
Country
Nepal
Hello,
I would like to get an answer for my query.
In previous FY Balance Sheet I had provision of telephone expenses as $100, and in current FY if I am paying Telephone expenses of $150 that includes previous FY month expenses ($50) and current FY month expenses ($100). How should i write off the provision made earlier.

Thank you :)
 
Ad

Advertisements

Triest123

VIP Member
Joined
Feb 12, 2012
Messages
269
Reaction score
51
Dr Provision for telephone expense $100
Dr Telephone $ 50
Cr Bank $150
Being paid for the telephone expense and adjusted the over provided telephone
expense in the previous month
 

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Top