EXPENSE VOUCHING
This query is : Resolved
03 August 2009
while checking expenses, i found a bill, the expense(tds e-filing fees) in which belongs to f.y. 07-08 but date on the bill is of current year(year under audit). so how should it be shown in books? will it be treated as prior year expense? i m a bit confused since the bill date is of current year.
04 August 2009
Hi,
The services are provided for FY 2007-08 and hence there should have been a provision for expenses made in that year. If not made it will be a prior period item though the bill date is of current year.
However if the amount is not material, the same can be shown as part of current year.
Rgds
The services are provided for FY 2007-08 and hence there should have been a provision for expenses made in that year. If not made it will be a prior period item though the bill date is of current year.
However if the amount is not material, the same can be shown as part of current year.
Rgds
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