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When to book expense in books

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Querist : Anonymous

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Querist : Anonymous (Querist)
29 June 2012 MY COMPANY EXPORTED GOODS IN MARCH 12. C&F AGENT SENT US HIS BILL IN APRIL 12 WHICH INCLUDES DETAILS OF ALL THE EXPENDITURE INCURRED BY THEM ON BEHALF OF US.

WHEN SUCH EXPENSES ARE TO BE BOOK ? IN MARCH 12 ITSELF BY FOLLOWING MATCHING PRINCIPLE AND AS 29 OR IN APRIL 12?
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CA Hardik Bunha

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CA Hardik Bunha (Expert)
29 June 2012 as per section 209(1) company can not follow cash basis system for recording exp.

as per AAS 4 company have to record transaction for accounting period. it may not be prior period.

hence you have to record this transaction for march 12 by making provision
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