Accounts payble
This query is : Resolved
J rajeswari
(Querist)
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
(Expert)
29 October 2014
ideally you should have created provision for the same on 31 March
Message likes :
1 times
CA Nilesh P. Kanodia
(Expert)
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.
And
generally people follow to book expenses as on date of bill date and pay accordingly.
17 December 2014
this is on the basis on accrual system of accounting.
17 December 2014
this is on the basis on accrual system of accounting.
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