banner_ad

Provision

This query is : Resolved 
Profile Image

Profile Image

(Querist)
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
Profile Image

Hari Beldona

Profile Image

Hari Beldona (Expert)
13 April 2012 Provision is to be made in the month of march. Account head " Provision for expenses"
Profile Image

CA CS Amit S. Kedia

Profile Image

CA CS Amit S. Kedia (Expert)
13 April 2012 Provision should be made in march and you will get the deduction also.
Profile Image

CA Kishore Tallam

Profile Image

CA Kishore Tallam (Expert)
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


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details