19 September 2023
When expenses payable to be reversed In the case of statutory payment In the case of normal case ( Trade payable or Expenses Payable)
29 September 2023
In case of creating an accruals of expenses payables, these are reversed in the next month and create fresh accruals based on latest month provisions. In case of any excess creation of liability under any head should be corrected with a reversal entry subsequently.
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