Accounting entry

2723 views 36 replies

Dear All,

I have a problem related to posting enty on accounts books.Can i post entry basis on bills recived or have to do only bill dated.

Please guide me, thanks to all.

Replies (36)

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

Pass the entry as per the bill date.and make the provision if you get the bill after the end of financial year (provision may be created on the basis of proforma invoice

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
25 June 2026
Accounts & Taxation Executive

Dindukurthy & Associates

Hyderabad

MBA

View Details
Company
19 June 2026
Accounts Executive

Getfive Advisors Pvt. Ltd.

Ahmedabad

CA Inter

View Details
Company
ARTICLESHIP 24 June 2026
CA Article Trainee

Rahul Dang & Associates

Pune

CA Inter

View Details
Company
25 June 2026
AUDIT MANAGER

JDAS & ASSOCIATES

New Delhi

CA

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
20 June 2026
Chartered Accountant

ANV & Company

New Delhi

CA

View Details
Company
20 June 2026
Assistant Accounts Manager

Fintax Professionals

Gurgaon

CA Inter

View Details
Company
22 June 2026
Accountant

Global Image Technologies Private Limited

New Delhi

MBA

View Details