Provision

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yunus khan (Querist)
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24 June 2014 Is there any provision entries on income like i give service to mr x and raise bill on 31 march but mr x send me chq on 2 april and date on cheque is 10 april

What is entries for above question

SAJEEV

SAJEEV (Expert)
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24 June 2014 What's the nature of your business and are you collecting service tax for the services rendered.

pls specify

yunus khan

yunus khan (Querist)
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24 June 2014 Like CA service audit fees i raise bill in 31 march to xyz and they will payment in april

Nikhil Kaushik

Nikhil Kaushik (Expert)
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24 June 2014 if you are following accrual practice, then you need to book income on date of invoice itself.

Where it is cash basis, no entry is to be made.

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