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(Querist)
29 October 2014 telephone bill period is last year and bill date is present year which year we consider as per accounting rules
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
29 October 2014 ideally you should have created provision for the same on 31 March
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CA Nilesh P. Kanodia

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CA Nilesh P. Kanodia (Expert)
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.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
17 December 2014 this is on the basis on accrual system of accounting.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
17 December 2014 this is on the basis on accrual system of accounting.

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