Compulsion of expenses
This query is : Resolved
Rohit tewatia
(Querist)
21 January 2015
dear sir
i want to know that is there any compulsion on due of expenses . i know a entity which due there exp. on year end althought it pay its exp. monthly .
21 January 2015
did not understand your question pls reframe and elaborate.
22 January 2015
If bill is received and payment is made on monthly basis then such expenses should be booked on monthly basis only.
Rupesh Jain
(Expert)
22 January 2015
expenses these relatd to the last year but on date of balance sheet bill not recd. then we take provision for that.
Rupesh Jain
(Expert)
22 January 2015
expenses these relatd to the last year but on date of balance sheet bill not recd. then we take provision for that.
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