Outstanding bill for previous year
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 May 2014
Please help me on this matter.
There is a bill which is due for the F.Y. 2013-2014 but that bill i received in may 2014 than what i will do while our balance sheet is already prepared.
And the vendor is asking to me for the payment regularly than what is the solution kindly help me.
There is a bill which is due for the F.Y. 2013-2014 but that bill i received in may 2014 than what i will do while our balance sheet is already prepared.
And the vendor is asking to me for the payment regularly than what is the solution kindly help me.
01 May 2014
Hi,
Take it as prior period expenses in FY 2014-15.
Regards,
Devanand
Take it as prior period expenses in FY 2014-15.
Regards,
Devanand
Message likes :
1 times
01 May 2014
well if it was due as at 31 March, you should have booked as payable or create a provision regardless of when you get the invoice.
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