Urgent...

I think it should be entered in the date which is written on the bill.

pls give clarification,,,if possible....

Bill should be accounted on the date when it is actually received. Until that a provision for expense can be made if know the amount of expense. On receiving the bill, the provision amount can be reversed.

Agree with Basavaraj...

A provision has to be made for the amount and when the actual bill is received, either the provision is reversed and actual amount booked or differential amount is provided or booked (if the bill amount is different from provision).

The Bill has to be entered on the date of Invoice itself, however, if the bill is stiil not received ,

then ,make a provision for it.

Make sure the provision is reversed and the Expense booked as and when you receive

the bill.

Expense account Dr

To Provision for expenses account

On receipt of Bill

Provision for expenses account Dr.

To Cash/Bank

In my opinion accounting is to be made on receipt of goods into the business premises. 

Originally posted by : nicky
	Hi,, pls answd my query that   if any company received bills of expenses 3 months after the issuing of bill,,,then in which date we should maintained a entry in Tally???? is this correct to enter a entry in a issue of bill date???? or a enter in a receiving of bill date?? Please suggest me........

bill of expenses received after 3 month of issue? did not the company paid for the same? if yes , then how?

enter the bills on payment basis or receipt date whichever is earlier. 

Fully agreeed wit wat V Agrrawwal says.,

Hi,
Iam Srikanth.M working in Pvt Ltd Company Please provide the monthly salary statement along with TDS calculation and my office Rent is Rs.60000/- pm so please advise me.