Accounting entry
This query is : Resolved
17 July 2013
We are in receipt of bank statement for June-13 in which they charged audit fee for Aug-12.
How same should be accounted for i.e. whether provision for same should be made on 31/03/13 or should be booked as revenue as on date.
How same should be accounted for i.e. whether provision for same should be made on 31/03/13 or should be booked as revenue as on date.
CMA Ramesh Krishnan
(Expert)
17 July 2013
What is the audit fee they charged. since it is related to aug-12, you can book now as prior period item.
what is revenue booked?
what is revenue booked?
18 July 2013
Dear Sir,
Audit fee is charged in C/C statement. I think same is in connection with audit of c/c.
Audit fee is charged in C/C statement. I think same is in connection with audit of c/c.
CMA Ramesh Krishnan
(Expert)
18 July 2013
then you need to debit the expenses as bank charges
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