Recording of entries
This query is : Resolved
18 December 2012
Suppose I get a expense bill dated- 12/10/12. But I make the payment on 20/10/12. Then, at what date should I make the expense entry on my book?
18 December 2012
Bill date always for all expenses.
18 December 2012
U should always keep in mind basis of accounting. Whether it is accrual or cash basis.
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