Accounting entry
This query is : Resolved
03 April 2016
on 25 december 2015 i paid Rs. 56000 for Annual General Meeting for 2015-16 which is going to held on 1 June 2016 (fy 2016-17). What entry should i pass on 25 dec 2015 and which year this expense it pertain. My senior partner told me that it pertain to 2015-16 since meeting is for 2015-16 . kindly suggest.........?
03 April 2016
Your senior is correct, you have to make this expense provision & claim the same.
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