Accounts payble

This query is : Resolved 

29 October 2014 telephone bill period is last year and bill date is present year which year we consider as per accounting rules

29 October 2014 ideally you should have created provision for the same on 31 March

30 October 2014 As per ideal accounting rules, create provision.

And

generally people follow to book expenses as on date of bill date and pay accordingly.


17 December 2014 this is on the basis on accrual system of accounting.

17 December 2014 this is on the basis on accrual system of accounting.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries