Entry on 31 march
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 June 2014
Dear sir,
Please help me to solved this one,
1) In march we have create provision like i have to create electricity bill expenses, suppose i create expense of electricity bill of rupees 1000 on 31 march and in april i receive bill of rupees 1200 in april so what is the entries for that.
Thanks in advance
Please help me to solved this one,
1) In march we have create provision like i have to create electricity bill expenses, suppose i create expense of electricity bill of rupees 1000 on 31 march and in april i receive bill of rupees 1200 in april so what is the entries for that.
Thanks in advance
17 June 2014
31st March
Electricity Exp A/c Dr. Rs 1000
To Prov. for Elec. exp. A/c Rs 1000
in April
Prov. for Elec. exp A/c Dr Rs 1000
Electricity Exp. A/c Dr Rs 200
To Bank A/c Rs 1000
Or you can change the provision amount to Rs 1200 in your accounts since it wont get finalized in April itself.
Electricity Exp A/c Dr. Rs 1000
To Prov. for Elec. exp. A/c Rs 1000
in April
Prov. for Elec. exp A/c Dr Rs 1000
Electricity Exp. A/c Dr Rs 200
To Bank A/c Rs 1000
Or you can change the provision amount to Rs 1200 in your accounts since it wont get finalized in April itself.
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