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Should i post due entry of expenses?

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Prashant Rawat

Accounts Trainee

61 Points Posted on 03 April 2020

Should I post DUE entry of any bill like electricity or telephone bill?

What will happen if i post directly payment entry ?

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Quick Summary

This discussion explores whether to post 'due' entries for bills like electricity or telephone, or to post payment entries directly. It clarifies the difference between the cash and accrual accounting methods. Posting a due entry records the expense in the current period, even if payment occurs later, which is crucial for accurate financial reporting.