Prepaid expenses
This query is : Resolved
TEJMAL SHARMA
(Querist)
11 April 2015
i am paid Rs.20000/- towards bank charges for f.y.2014-15 Rs.10000/- & f.y.2015-16 Rs.10000.
i am passed a entry in our books in f.y. 2014-15
Bank charges dr
to bank
i am not book prepaid expenses separately & debit all bank charges in profit & loss a/c of f.y. 2014-15, i am defaulter in any act.
please give me suggestion
i am passed a entry in our books in f.y. 2014-15
Bank charges dr
to bank
i am not book prepaid expenses separately & debit all bank charges in profit & loss a/c of f.y. 2014-15, i am defaulter in any act.
please give me suggestion
CA AnKiT BoHrA (AB)
(Expert)
11 April 2015
bank charges in advance for what ????
Message likes :
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TEJMAL SHARMA
(Querist)
11 April 2015
bank guarantee & processing fees for next year 2 month
CA AnKiT BoHrA (AB)
(Expert)
11 April 2015
then u must charge it to next year .. for c,y. make a prepaid entry for that
Message likes :
1 times
TEJMAL SHARMA
(Querist)
11 April 2015
if i am not pass prepaid expenses entry,
i am dissolution of any act
it is mandatory
i am dissolution of any act
it is mandatory
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