What Are Telephone Expenses In Accounting
The Expe nses incurred against the usage of Telephone Facilities such as Telephone Lines, Cell Phone Packages, etc. are called Telephone Expenses. These may be incurred in advance (Prepaid) or accrued but not paid at the end of the month. Telephone Expenses Journal Entry Whe n telephone expenses are paid for cash or by bank, when payment is made with cheque / check and it is also deposited into the bank account, for the month, then journal entry would be as follows: Telephone Expenses a/c XXX ...