Suppose, 15-march-2016 to 15-April2016 Electricity Bill Genrate and Due date is 20-april-2016 then Explain the Journal Entry regarding This Transaction with Example also.
Menu
Accounting journal enteries
Replies (3)
You can split this into two equal parts first is upto 31/3/16 and second is from 1/4/16 to 15/4/16.
make one entry for year ended 31.3.16
second is for April 16
Electricity Exp. A/c Dr.
To Provision for Expenses
entry pass on 31.3.16
Correct.. Agree with Mr. Anil.
and reverse the same when u made payment of bill.
Recent Topics :
- Sale of shares in indian company by a non resident
- Difference in TIS
- GSTR-9C Upload Status Error Occured
- “Income Tax Implications of Company-Related
- Advice needed: Hypothetical case of non-filing of
- Demand Raised for Cess Amount Despite Section 89 R
- WRONG BILL NO FILED IN GST R1
- Addtional trade name for my another firm
- Commission / Agency Business without books: REAL E
- Difference between AIS and 26AS data.
Related Topics :
CAclubindia
