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Provision of liabilities

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31 March 2014 A Public Sector Undertaking has given a supply order on 31.03.2014, the goods and bills bill be raised in the F.Y. 2014-15, now question is:-

1. Whether budget utilization will be treat out of F.Y. 2013-14 mere by giving the supply order.

2. Whether company can provide the estimate liabilities mere by giving the supply order or either goods or bills should be come before 31.03.2014

kindly guide
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Rupesh Jain

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Rupesh Jain (Expert)
31 March 2014 no utilization of budget and no liability to be estimate
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