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gst on audit fee provision
I provided audit fee and also deposited tds amount. but we make the payment to auditor on September. and he is issue get invoice after receiving his fees. when I am claiming get on audit fees because I already provision provided how can I booked once again in Sep.
Replies (5)
While passing payment entry you have to nullify your audit fee provision
Once you made that all entries automatically matched
agree with tarun
give an example with year ending entries as well as nullifying entries in succeeding year
Audit fee Dr
To provision for audit fee
As on 31/03/2018
Provision for audit fee dr.
To bank
As on making the payment to concern CA and nullified your provision
You can also make one new entry
Provision for audit fee dr.
To CA firm name
And while making payment
CA firm name Dr
To bank
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