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Audit

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(Querist)
03 July 2014 Audit expenses for FY 12-13, paid in FY 2013-14, as bill received by clients as on 30.09.2013,clients want to book expenses for the period FY 2013-14,is it right!
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Ganeshbabu K

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Ganeshbabu K (Expert)
05 July 2014 Suppose for F.Y.2012-13

Generally everyone will create Provision for audit fee by passing below enty
.
Dr.Audit fee
Cr.Audit fee payable
.
.
if provision not made in that year it can be booked as expenditure in current year calling it as prior period expences
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