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Accrual accounting

This query is : Resolved 
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(Querist)
09 April 2016 A corporate body receives a bill dated 31st March 2016 for the supply of Software but pays in April 2016. Can the expense be booked on 31st March 2016
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Murtaza I Bhagat

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Murtaza I Bhagat (Expert)
09 April 2016 Yes if it is accrual accounting system.
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Amol S Joglekar

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Amol S Joglekar (Expert)
09 April 2016 yes. It can be done.
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