Provision

This query is : Resolved

survesh (Querist)
Follow

13 April 2012 Sir,

My firm is a partnership firm.Their are bills for Electricity ( MSEB)Telephone (BSNL)Mobile ( Vodafone) and Internet Charges ( Tata) for Month March which I am making Payment in April till today.

Please say me can their should be provision for all this expenses in march.
What should be the account head for all this expenses and under group Provision or s.creditors.

Please Reply.

Thanks & regards

Hari Beldona

Hari Beldona (Expert)
Follow

13 April 2012 Provision is to be made in the month of march. Account head " Provision for expenses"

CA CS Amit S. Kedia

CA CS Amit S. Kedia (Expert)
Follow

13 April 2012 Provision should be made in march and you will get the deduction also.

CA Kishore Tallam

CA Kishore Tallam (Expert)
Follow

14 April 2012 As per accrual concept, expenses for the month of march has to be provided in march only. electricity charges can be grouped under Power & Fuel and others under Communication expenses and the same can be credited to expenses accrued.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Chnmaya parhi

NIKHIL GUPTA

Sabareesan S Venkatesh

Purav Dholakia

sinu kurian

Subscribe Now

Provision

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Accountant

Senior Executive

Manager- Finance and Compliance

CA Final

GST CONSULTANT

GST CONSULTANCY