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(Querist)
02 February 2013 Provision created as on year end for audit fees 60000,but after that Auditor raised bill of 70000 what will the accounting treatment and journal entry?Help me.
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Hemant Kumar

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Hemant Kumar (Expert)
02 February 2013 1)At the time of year end.

Audit Fees Ac. dr. 60000/-
to Audit Fee Payable Ac. 60000/-

2) At the time of payment

Audit Fee Payble Ac. 60000/-
Audit Fee Ac.(Exp) 10000/-
to Bank / Cash Ac. 70000/-
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Palle Ashok Reddy

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Palle Ashok Reddy (Querist)
05 February 2013 thank u sir :)




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