29 July 2024
Hi Revenue booked, GST Paid and payment received during the FY 2023-24, the actual services were delivered in 2024-25- how to account the entry? FY 23-24 - Revenue (Sale-P&L) Dr. Deferred Revenue(Current Liability) cr. FY 24-25 - Deferred Revenue Dr Revenue CR Is it Correct? Thanks
CAclubindia
