Expentiture
This query is : Resolved
24 October 2011
If i incurred any expenditure for rendering service (service industry)to
my clients & issued the bill to the parties for that.
Say i issued 3 bills to 1 party
1st bill (not describe expenditure incurred on behalf of party)
2nd & 3rd bill (describe the type of expenditure incurred & service charges)
I received a payment for 1st bill, part payment for 2nd bill & no payment recd for 3rd bill at the end of year.
if accounting system run on cash basic then kindly guidence whether i can books expenditure of all 3 bills at year end.
(note:- income shown :- cash receipts during the year end).
my clients & issued the bill to the parties for that.
Say i issued 3 bills to 1 party
1st bill (not describe expenditure incurred on behalf of party)
2nd & 3rd bill (describe the type of expenditure incurred & service charges)
I received a payment for 1st bill, part payment for 2nd bill & no payment recd for 3rd bill at the end of year.
if accounting system run on cash basic then kindly guidence whether i can books expenditure of all 3 bills at year end.
(note:- income shown :- cash receipts during the year end).
14 May 2012
Since you are maintaining books on cash basis, you should record ALL the expenses actually paid for by you, whether reimbursement of such expenditure has been received or not.
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
Unanswered Queries
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- Difference between Date of Payment and Date of Deduction?
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Unregistered suppliers utility
- Bank details not Visible on Traces Portal
- Taxability of Partnership firm for FY 2025-26
- ITR 4 and Bank transactions
- LIC maturity claim whether taxable
- GST Rate for Catering Services
- EXPORT COMMERCIAL INVOICE HSN CODE
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
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
