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accounting of invoices raised in advance!

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CA Ravi Kumar Murugesh

CA Ravi Kumar Murugesh (Querist)
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19 August 2008 Our company gives commercial building for rent. We raise invoices towards rent for the next month in current month i.e., one month before actual earn.

Is it require to exclude the invoice amounts raised in march for the month of april from the books of accounts.

S.Srinivasaraghavan

S.Srinivasaraghavan (Expert)
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19 August 2008 Yes, if you follow accrual method.

jaygulani (Expert)
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22 August 2008 I am online account teacher, u can take online classess for accountancy anywhere, anytime. For Detials contact on jaygulani@yahoo.co.in

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