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Treatment for unspent electricty amount to be shown

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This query is : Resolved

Guest

Guest (Querist)

20 March 2013 In Receipts and payments account it is to be shown And in b/s the unspent amount is deducted whether it is correct or not and o/s electricty charges are to be shown in b/s liablity it is clear .
ex: Electricty : 12000
unspent Elec: 6386
o/s Elec: 9000
this was the problem and how to treat unspent electricty.

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)

22 July 2013 It is not clear what do yu mean unspent electricity. It seems you want to say that the bill has been received for the period 15th March to 15th April and from 1st April to 15th April what will be the treatment.

In this case you have to account for the entire bill and then for 15 days you have to treat as advance payment and it will appear in assets side and not the liability side

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