Daily expenses
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 August 2017
Sir / Madam,
Please let me know that I purcahse Rs. 2500/- stationery on 15/7/2017, & Rs. 3500/- Newspaper Exp. on 25/07/2017. I have paid this expense through cash on 27/7/2017 total 6000/-. Then my liabilities create on 27/7/17 (RCM) on total Rs.6000/- ?
Please let me know that I purcahse Rs. 2500/- stationery on 15/7/2017, & Rs. 3500/- Newspaper Exp. on 25/07/2017. I have paid this expense through cash on 27/7/2017 total 6000/-. Then my liabilities create on 27/7/17 (RCM) on total Rs.6000/- ?
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 August 2017
OK. But I want to know liabilities create on when payment done or date of expense bill. If I will paid same on august month then liabilities create in august or july (RCM)?
14 August 2017
Dear
If you booked expense on different dates in books of accounts and expense is less than 5000/- then no RCM.
If you booked expense on different dates in books of accounts and expense is less than 5000/- then no RCM.
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