to provide or not

This query is : Resolved 

23 September 2009 Respected experts

Please tell whether we should provide for the electricity, telephone etc.expenses on 31.3.2009 if the if we get the bill in the April 09.

Thanks

24 September 2009 yes ofcourse , provision has to be made for all known expenses/liabilities - mercentile system of accounting

24 September 2009 agree


24 September 2009 yes agreed


24 September 2009 Yes, otherwise the expenses paid and booked in next year are liable to be disallowed as prior period expenses.



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