what enteries to be passed in account books for provision of expenses. suppose we have not recd. invoice of CA , Travelling expenses statement from sales person, electricity bill, etc. , then to aacount for such expenses what should we do ?
Menu
Accounting enteries
Replies (4)
Quick Summary
Provisional entries
1) Audit/Accounting fee Dr
To Audit/Accounting fee payable (or provision for audit/accounting fee)
To TDS
2) Travelling Exps Dr
To Travelling Exps payable
3) Electricity Expenses Dr
To Electricity Expenses Payable
When the actual expense is being accounted, credit the provision account and debit bank/cash. Difference if any can be debited/credited to the respective expense account.
Thanks Poornima Madam.
Agree with poornima
Very well explained by Poornima.
Recent Topics :
- Who will take FSSAI AND TRADE LICENSE: owner or te
- E Way Bill in respect of Without Bringing Material
- FAST DS 2026 query
- Consultation
- E-way notices for FY 22-23
- Gst file not created
- Regarding 3CEB query
- Omitted E-Commerce Sales Reported in Table 14 but
- Omitted sales shown in GSTR-1 Table 14 but not in
- EWAY BILL TAKE OUT OF OTHER COMPAMY
Related Topics :
CAclubindia
