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Querist : Anonymous

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Querist : Anonymous (Querist)
24 June 2014 Dear All
A bill dated 30 march 2014 is received by me on 1 april 2014.
So whether it should be recorded in financial year 2013-14 or FY 2014-15.
Looking forward for a prompt response.
Thank You
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
24 June 2014 in fy 2013 -14 if its exp on accrual basis.
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Querist : Anonymous

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Querist : Anonymous (Querist)
24 June 2014 What should be its accounting treatment?
please elaborate..
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
24 June 2014 exp a/c ....dr
to provision for exo a/c

when payment is made :
====================
prov for exp a/c.....dr
to bank a/c

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