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Provision for emi

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(Querist)
04 February 2012 i want to maka an entry of emi in april-12 but expense is pertaining to march-12 please advice for the same
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CA Hardik Bunha

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CA Hardik Bunha (Expert)
04 February 2012 Exp A/c DR.
To Exp. Payable A/C
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Guest

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Guest (Expert)
05 February 2012 The above entry will be passed in Mar 2012 for provision.

In April 2012, payment entry will be passed as
Exp payable Dr
To Bank

If provision is not made in Mar 2012
then
Exp Dr
To Bank




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