Bills booking

This query is : Resolved

Pravin (Querist)
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05 June 2013 Sir,
I am working as a Accts Assistant, I have received URD bills in May 2013, the bill having dates of March-2013, I want to ask whether I must book these bills in March-2013 or May-2013 in Tally, because I have made payment of these bill in May 2013. We have Mercantile Accounting System. If I have book these URD bills in March-2013 or May-2013, is that make any difference?
Waiting for your reply.
Regards,
Pravin.

Ganeshbabu K

Ganeshbabu K (Expert)
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05 June 2013 do as below

1) as you made payment in may..

pass provision for expences entry for the bill amount in march ending 2013

and reverse the provision entry and book expence in may 2013

and however payment entry will be done as per payment date in may

Pravin

Pravin (Querist)
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05 June 2013 Sir,

Thanks for my above query, I want to know how I pass provision for expence entry for the bill amount in march ending 2013 in Tally and how I reverse the provision entry and book expence in May 2013?

Regards,

Pravin.

Ganeshbabu K

Ganeshbabu K (Expert)
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06 June 2013 march . prov.for expences a/c dr
to party a/c

may urd expence a/c dr
to prov. for expence

may part a/c dr
to bank

Thanks& regards

Ganeshbabu