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.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
View Details
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
View Details
CAclubindia
