05 April 2011
If any Expenses occured in 29-3-2011 ( March )For Ex : Cartage & Freight Inward ) & Debited in Month of April by Chq. what is entry , and its allowed or disallowed item We Debited Cartage and Freigt Inward in Month of April-2011 & Give the Chq.
05 April 2011
Normaly this kind of expense are allowable only, even if the fact that cheque may be cleared susequent Financial year. Here advised to make the entry at the time of incurring the expense. If there is back date option, please account the same in Back date.
If Expense paid through bank, at the time of making entry
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