03 July 2014
Audit expenses for FY 12-13, paid in FY 2013-14, as bill received by clients as on 30.09.2013,clients want to book expenses for the period FY 2013-14,is it right!
Generally everyone will create Provision for audit fee by passing below enty . Dr.Audit fee Cr.Audit fee payable . . if provision not made in that year it can be booked as expenditure in current year calling it as prior period expences
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