Electricity payable enty
SUMIT BADYAL (709 Points)
12 August 2020
hi, we received electricity bill from abc 50000 in march month and paid in April, pass payable entry...
2 Replies
Sagar Patel
(Tax and Business Consultant)
(11611 Points)
Replied 12 August 2020
In March month:
Electricity Expenses A/c Dr..
To Electricity Payable/Electricity Co. A/c
At time of payment :
Electricity Payable/Electricity Co. A/c Dr..
To Cash/bank A/c
Electricity Expenses A/c Dr..
To Electricity Payable/Electricity Co. A/c
At time of payment :
Electricity Payable/Electricity Co. A/c Dr..
To Cash/bank A/c
sabyasachi mukherjee
(27579 Points)
Replied 12 August 2020
At the time of booking of bills :
1.open a ledger account in creditors ledger
in the name of the electricty company paying electricity..
say for example :
reliance ifrastructure
open another account electricty charges
dr. electricty charges
cr. reliance infrastructure
when paymenybis being done:
reliance infrastructure dr.
to bank...
So electrict charges isvtransfered at the end of the month to Pl account.
1.open a ledger account in creditors ledger
in the name of the electricty company paying electricity..
say for example :
reliance ifrastructure
open another account electricty charges
dr. electricty charges
cr. reliance infrastructure
when paymenybis being done:
reliance infrastructure dr.
to bank...
So electrict charges isvtransfered at the end of the month to Pl account.
Recent Topics
- Excess itc claimed then intrest applicable even if
- Financing for Properties and Businesses
- TAX DEMAND STILL SHOWING ON INCOME TAX PORTAL, EVE
- FORM 10 IEA IN Revised return
- ITC Eligibility on GTA
- Top Highest Tax-Paying Celebrities: FY 2023-24
- Misplace society Bye law
- Submit ommited invoice of previous year
- Need your valueble insight
- GSTR-9 Invoices
Related Threads
CAclubindia
