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What is importance of telephone bill?

Updated: 8/20/2019
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12y ago

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A telephone bill - shows your debt to the company providing your service - for any calls that have been made, and the monthly usage fee for having their service.

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12y ago
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to tell us how much we have to pay for the usage of our telephone.


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One way to pay a telephone bill is through a credit card. One can do it directly from a bank account as well. These two mediums for paying a telephone bill are the most common nowadays.


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Call the telephone number printed on the bill to discuss it with the people issuing the bill.


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What is the journal entry of telephone bill is due to be paid?

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What is the journal entry of telephone bill?

To record the telephone bill, the journal entry would be: Debit Telephone Expense (income statement account) for the amount of the bill, and Credit Accounts Payable (balance sheet liability account) for the same amount if the bill is to be paid later, or Credit Cash (balance sheet asset account) if the bill is paid immediately.