Creating provisions of expenses
This query is : Resolved
17 September 2012
Does creating provision means?
Expense A/c .....dr
To Expenses payable A/C
Then,
Expenses payable....Dr
To cash/ bank a/c
Since expense payable is of credit nature will be done like this I suppose? Am I doing right experts?
Expense A/c .....dr
To Expenses payable A/C
Then,
Expenses payable....Dr
To cash/ bank a/c
Since expense payable is of credit nature will be done like this I suppose? Am I doing right experts?
17 September 2012
Yes you are correct - take care to deduct TDS if required under relevant head.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- Capital gain consideration
- TDS deduction (debit notes)
- Can a partnership firm become partner in a LLP ?
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- TDS on purchase of value vouchers for employees ?
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
