Previous year expenses
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 May 2012
Dear Sir,
if we receive telephone bill in the month of May,2012 for the period 11.03.2012 to 10.04.2012. When we will book expenses in our accounts books?
1. 31st March,2012
2. May,2012
What accounting entry will be passed ?
Plz help me urgently.
if we receive telephone bill in the month of May,2012 for the period 11.03.2012 to 10.04.2012. When we will book expenses in our accounts books?
1. 31st March,2012
2. May,2012
What accounting entry will be passed ?
Plz help me urgently.
07 May 2012
The expenses will be booked as and when the bill for the same is received by the organisation.
The accounting entry will be
Expense A/c Dr
To Expense Payable A/c Or
To Party A/c( in whose favour amount is to be credited)
CA. Richi Saxena
The accounting entry will be
Expense A/c Dr
To Expense Payable A/c Or
To Party A/c( in whose favour amount is to be credited)
CA. Richi Saxena
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
Similar Resolved Queries
Unanswered Queries
- ITR 2 Short Term gain & Long term gain
- Reporting Income under Section 44ADA
- Off Market debit and credit transaction
- Itr 1 processing
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR returnFY25-26
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- ITR validation error - Balance sheet is not filled
- ITR 1: Details for showing Exempt Income
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
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
