When preparing monthly P&L for the month of April 2019 which salary expense we will consider:-
1) Salary Booked on 30.04.19 but to be paid on 07.05.19
or
2) Salary paid on 07.04.2019 for the month of March that was booked on 31.03.2019.
| Originally posted by : Sandeep Sharma | ||
 |
Thank you raja sir |  |
You are most welcome
| Originally posted by : CA Rashmi Gandhi | ||
|
You have to consider Salary booked on 30.4 & paid on 07.05 as you are following accrual basisi | |
Dear.,
Why create confuse to querist...
As per query the accounts following accrual basis... Bcoz, Salary booked on 30.04.... No more doubts...
Am I right...?
Yes completely agree with RAJA P M. He is right and i am writing the same thing.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
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