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Accounts payble

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J rajeswari

J rajeswari (Querist)
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29 October 2014 telephone bill period is last year and bill date is present year which year we consider as per accounting rules

Nikhil Kaushik

Nikhil Kaushik (Expert)
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29 October 2014 ideally you should have created provision for the same on 31 March

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CA Nilesh P. Kanodia

CA Nilesh P. Kanodia (Expert)
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30 October 2014 As per ideal accounting rules, create provision.

And

generally people follow to book expenses as on date of bill date and pay accordingly.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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17 December 2014 this is on the basis on accrual system of accounting.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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17 December 2014 this is on the basis on accrual system of accounting.

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