Menu
Provisions
Dear sirs,
can anyone please explain provisions in finance and some useful points regarding that
Replies (1)
Dear
You will be receiveing March Telephone bill/Rent/MES/Insurance only in April ie., while clsoing the accounts. So if you make provision in the March itself since its pertains to that particular year you have accounted for the particular financial year.
Entri wiill be
Telephone }
MES Charges }
Rent }
Insurance } Dr Rs: xyz
Provision for Expenses Cr Rs: xyz
Recent Topics :
- Itr 4 problem
- Capital Gains Mismatch Due to Sale Agreement in FY
- REGARDING NRO INVESTMENT IN SHARES OF DOMESTIC COM
- DTAA benefits
- SUPPLEMENTARY AGREEMENT FOR ADDING A PARTER IN TN
- Part availmement of ITC in case of rejection of su
- Due date for itr 5 no audit with loss for fy 25 26
- Capital Gains Mismatch AIS
- Inward E-way bill from Tally Prime 7.1
- Query regarding exemption under Section 10(10AA) &
Related Topics :
CAclubindia
