Go AD-Free with CAclubindia Pro and Daily WhatsApp Updates. Subscribe Now!

Provisional entry

Others 1240 views 1 replies

Dhanunjaya

MBA

24 Points Joined December 2014

Hi Proffisionals,

i would like to know about the provisional entry in the tally, how do we reverse the entry while booking the actual invoice copy.

Replies (1)

CA Raj Doshi

Practising CA

8944 Points Joined December 2013

Option 1 : No need to book invoice. Entry to be passed in books would be Dr Accounting expenses Cr ABC accountant Cr Tds payable. Option 2 : Dr Accounting Expense Cr. Expenses payable ; then when invoice received. Dr Expenses payable Cr ABC accountant. Cr Tds payable.