Journal Entry and Ledger Posting for cash payment towards Telephone Expenses

Telephone Expenses are the expenses which is paid to Telephone Service Provider(either Government or Private Companies) by an Individual or Business unit during an Accounting period, against use of their Service.

Let's discuss how to pass Journal Entry and post them into their respective Ledger Account, when Telephone Expenses are paid by Cash.

When Telephone Expenses are paid by Cash, the affected Ledger Accounts are :

Debit Ledger : 

• Telephone Expenses Account

Credit Ledger :

• Cash Account :

Journal Entry

Ledger Posting

In Telephone Expenses Ledger Account

In Cash Account

Example :

In the Books of M/s.Trimurthy Traders, amount paid to BSNLtowards Telephone Bill for ₹645/- on dt.01/07/2021 as per Money Receipt No.1122303.

Pass necessary Journal Entry and post them into their respective Ledger Account for the above transaction.

In this transaction, the affected Ledger Accounts are :

Debit Ledger :

• Telephone Expenses Acount

Credit Ledger :

• Cash Account

Journal Entry

Ledger Posting

In Telephone Expenses Ledger Account.

In Cash Account