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Closing of acocunts - march

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Querist : Anonymous

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Querist : Anonymous (Querist)
14 April 2016 Transactions relating to March 2016, but bills received in April 2016, whether to be accounted in March 2016, kindly clarify, TDS involved in the transactions.
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Sandeep Garg

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Sandeep Garg (Expert)
14 April 2016 Provision need to be created in books as on 31 March and TDS will be applicable.
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Murtaza I Bhagat

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Murtaza I Bhagat (Expert)
14 April 2016 If you follow mercantile accounting system then you have to do provisional entry as on 31/03.




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