accounting of invoices raised in advance!
This query is : Resolved
CA Ravi Kumar Murugesh
(Querist)
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.
Is it require to exclude the invoice amounts raised in march for the month of april from the books of accounts.
S.Srinivasaraghavan
(Expert)
19 August 2008
Yes, if you follow accrual method.
22 August 2008
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