Accounting entry

do according to bill dated

is it compulsory.....

yes it is, how can you take it on bill received. Clarify first when goods received to you ?? with bill means on same date as on bill ?? or goods received earlier but bill recieved later ??

i m working with a event managemnet company .so we provide service and recived service.but we recived bill after one or  2 months .

ok, in that case also bill should be entered on bill dated.

ok thanks

but this can create a problem when bill is received after year end after the books are finalised.. how can u revise the book from back date in that case..?? that bill have to be included in next year only !!

In such case you should take provision of all those bills which you have not recd. till finalisation of you accounts and in next year when you recd bill in that year you can Dr. provision account.

bill dated definately

Bill dated

posting of entries on bill dated may create problem where back dated entries is not possible. as well P & L may very every time after you had finalised your quarter end. so it should be booked on received basis subject to year change where provision cretaria should be taken care.

No doubt. It shud b Bill Dated only

No doubt. It shud b Bill Dated only