Provision for Materials
Kishore Nuthalapati (Accountant for multiple small entities) (171 Points)
25 June 2023we are looking after Accounts of house keeping materials proprietor firm
i have some Idea that we can make provision for services like salaries, Monthly recurring expense
here a material worth of 10 lacs is received and advance of 10 lacs is paid however invoice is not yet received
Please advise Can I make provision for 10 lacs rupees material
Thanks in advance