Audit
This query is : Resolved
GAUTAM KUMAR
(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!
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
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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