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Exp payable

This query is : Resolved 

30 July 2015 IF bill date is 04-04-2015 for the exp of March.
so Entered in books with expense payable a/c or with party name in FY 14-15 books ( i ask for presentation purpose)

30 July 2015 The above entry in the books is OK.

01 August 2015 Which entry sir
i ask exp cr.with expense payable or with party name?

01 August 2015 As the bill has been received propose entry on party name.


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