Expenses entry
This query is : Resolved
19 April 2014
If the bill date is 10/04/14 and the billing period 1/3/14 to 31/3/14 then what entry has to be passed in the books of account
19 April 2014
first you have to book expenses and take liability as OL in 31 March.
Expenses Dr xxxx
Party Dr xx
To Tds Payabale xx
To OL xxxx
Then on invoice date
OL Dr xxxx
To Party xxxx
Expenses Dr xxxx
Party Dr xx
To Tds Payabale xx
To OL xxxx
Then on invoice date
OL Dr xxxx
To Party xxxx
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