Accrual accounting
This query is : Resolved
09 April 2016
A corporate body receives a bill dated 31st March 2016 for the supply of Software but pays in April 2016. Can the expense be booked on 31st March 2016
Murtaza I Bhagat
(Expert)
09 April 2016
Yes if it is accrual accounting system.
Amol S Joglekar
(Expert)
09 April 2016
yes. It can be done.
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