banner_ad

telephone bill entry

1209 views 3 replies

hi all,

i m facing some problem with tel. bill entry in the books. my ques. is that if i received tel. bill for the month of april & may on dated 5th july and if the last date for depositing it on 10th august when i will entered the same....bcoz if i shows that on 31st may then fbt is the problem.

 

thanks

Replies (3)
It is a better option to follow cash method of accounting for telephone & electric bills.
pass the provision entry for april and may and whenver paid pass another paid entry on that date it self. and also FBT also attracts the date when ever it was paid
PROVISON IS MADE AT THE END OF FINANCIAL YEAR. PLEASE PASS THE ENTRY CASH BASIS. FBT IS TO BE DEPOSITED PROVISIONALLY LIKE ADVANCE TAX. HENCE THERE IS NO PROBLEM FOR PASSING THE ENTRY IN AUG.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details