Payment made but invoice not booked 31st march 2o11

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

19 September 2011 We have made payment in the month of feb'10 but we have forgot to book invoice before 31st march 2011, we submit balance sheet . for current year what is accounting effect . Amt is below 30000 It is professional fees.
Kindly please reply ?

Aditya Maheshwari

Aditya Maheshwari (Expert)
Follow

19 September 2011 If the amount is small looking into the size of the company then you can charge it to the relevant expense head in current year.

CA Pushpendra Gaur

CA Pushpendra Gaur (Expert)
Follow

29 September 2011 in what manner you shown the payment in feb 10 in such case, if you had made made the payment just enquire it hasnot been booked in expenses a/c directly, ther it will be showing advance in name of professional

Upgrade to CAclubindia Pro. Subscribe Now!