Treating provisions in trial balance
This query is : Resolved
ARITRA CHAKRABORTY
(Querist)
13 June 2019
I would like to know whether there is any hard and fast rule to create and include current year Provisions (for Audit Fees) in Trial Balance of Current year or not?
CA R SEETHARAMAN
(Expert)
13 June 2019
Yes as per accrual basis of accounting.
Amol S Joglekar
(Expert)
13 June 2019
provisions are to be considered as on 31/03.
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