I HAVE ONE BUILDING PROJECT 31/03/08 I CREATE ONE PROVISION A/C FOR MAINTANANCE (COMPLETED PROJECT)
ENTRY PROJ EXP A/C DR
TO
PROVISION FOR MAINT
AT 31/03/09 IF I RECEIVE EXPENSES AMOUNT MORE THAN THE PROVISION AMOUNT WHAT IS THE ENTRY OR IF I RECEIVE THE EXPENSES AMOUNT LESS THAN PROVISION AMOUNT WHAT IS THE ENTRY. PLEASE HELP ME
reciept of expense means wat?i dint get clear from ur querry
provissions for expenses are done if its incurred in previous year and paid in A Y. if it is in short or excess then will be adjusted with current year expense
ADY & CO.
New Delhi
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