A Security Services agency has raised Invoice of Rs. 90,000 in February 2013 for services provided in January. The service recipient made payment to Security Services agency in May 2013.
Payment or Accrual which ever is earlier....
Also, why are you posting same questions in both Forum and Expert section??
When it becomes due. It became due when you entered the bill in your books of accounts, which is before you make the actual payment.
Abic and Mani Chartered Accountants
Kottayam
B.Com
View Details
CA Suraj Garg & Associates
New Delhi
CA Final
View Details
CCI
Pro
CAclubindia
