Utility Bills viz., MES,Telephone & Insurance at times Interest debits after the F Y can also be considered in single a/c head such as
Provision for Expenses & if a schedule has been taken it can be set off when since paid subsquently
Its best practice to mention in narration Booking and payment entry for the month so , so & In the month of march Provision for the month .
Yes u can take on 31st march
Electricity exp. Dr
To Eletricity payable cr
When u make the payment
Electricity payable Dr
To Cash /Bank A/c Cr
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