The t/p bill for this month was 200,the company will pay it next month
what is the journal entry for this?
To record this transaction in the company's accounting records, you would need to make a journal entry. The journal entry would depend on whether the company has already accrued the expense for this month or not.
1. If the company has already accrued the expense for this month:
Debit: Accounts Payable (or Creditors) - $200
Credit: Accrued Expenses (or Expenses Payable) - $200
2. If the company has not yet accrued the expense for this month:
Debit: Expense Account (depending on the nature of the bill, such as Utilities Expense) - $200
Credit: Accounts Payable (or Creditors) - $200
Remember, journal entries are made in accordance with the double-entry bookkeeping system wherein every transaction must have an equal debit and credit entry to maintain the accounting equation (Assets = Liabilities + Equity).
Please consult with a professional accountant or refer to your company's accounting policies and guidelines for the most accurate and appropriate journal entry.