Provision
This query is : Resolved
yunus khan
(Querist)
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
What is entries for above question
24 June 2014
What's the nature of your business and are you collecting service tax for the services rendered.
pls specify
pls specify
yunus khan
(Querist)
24 June 2014
Like CA service audit fees i raise bill in 31 march to xyz and they will payment in april
Nikhil Kaushik
(Expert)
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.
Where it is cash basis, no entry is to be made.
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