account entry

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jitendra (Querist)
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31 August 2016 how to frame journal entry of paid salaries on 7th April for the month of March 2016 Rs 7000 if it is not shown in balance sheet of 31st march 2016.

ACA Anurag

ACA Anurag (Expert)
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31 August 2016 Dear jitendra, Generally it should be booked in last year. But you can book the same in current year also as payment was done in march. Normal will be done hope your query is resolved Kindly like if my response has helped you

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jitendra

jitendra (Querist)
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31 August 2016 it means dr salary 7000 to cash. 7000

Amol S Joglekar

Amol S Joglekar (Expert)
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01 September 2016 if it is not provided for on 31/03/2016..... better provide the same in the books for the year 2015-16.

ACA Anurag

ACA Anurag (Expert)
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01 September 2016 Dear Jitendra, As explained by Amol if possible provide in last year books or else book the entry in current year. yes you can book by same entry Hope your query is resolved Kindly like if my response has helped you

ACA Anurag

ACA Anurag (Expert)
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02 September 2016 Hope your query is resolved

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