Annual service charges

This query is : Resolved

Gurvinder Singh (Querist)
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07 March 2014 Dear Sir/Mam

I need to pay Annual Service Charges or Membership and Subscription charges for the F.Y.2014-15 in the current financial year i.e. 2013-14 by 25 March, 2014.

Pls adv.
Kindly show the entry to be passed.

And adv what entry to be passed in the f.y.2014-15

Thnx and regards
Gurvinder Singh

CA Devanand Jethanandani

CA Devanand Jethanandani (Expert)
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07 March 2014 Entries,

on 25.03.2014
Prepaid expense (2014-15) a/c. Dr.
To Bank / Cash a/c. Cr.

In FY 2014-15
on 01.04.2014

Annual Service/Mem. & Subscription exp. Dr.
To prepaid expenses (2014-15) a/c. Cr.

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