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
- Taxable or Tax exempt
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- ADVANCE PAYMENT OF ADVOCATE
- NRI starting business in India
- ITDS U/S.194T of Firm
- Capital gain on sale and purchase of plot
- Invertaded duty struture
- Eway bill not cancelled within 24 hous what can be due
- EXPORT COMMERCIAL INVOICE HSN CODE
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- 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
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
