Date of expense book
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 January 2014
In an advertising company for the services of project shoot abroad and if bill is raised for completed part , can expenses be booked on the date of payment rather than the invoice date or date of receipt of invoice, instead of date of payment
CA SAYANTAN BASU
(Expert)
25 January 2014
Dear sir ,
This you have to refer to AS -9 OF THE ACCOUNTING STANDARDS OF ICAI ....
1. As per AS-9 , which deals with income /revenue recognition , there are 2 methods 1. Percentage completion method
2. full completion method ....
the choice has been given to the accountants to follow any one of the two ....
3. If you follow one method then follow consistently ..
This you have to refer to AS -9 OF THE ACCOUNTING STANDARDS OF ICAI ....
1. As per AS-9 , which deals with income /revenue recognition , there are 2 methods 1. Percentage completion method
2. full completion method ....
the choice has been given to the accountants to follow any one of the two ....
3. If you follow one method then follow consistently ..
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Issuing of delivery challan by seller of goods
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Transfer of Physical Stock Between Two Proprietorship Concerns
- MSME disclosure and disallowance
- Taxation of crypto futures in India Fy 2026- 2027
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
