Provisions
sanjeev (Assistant manager) (28 Points)
05 August 2014sanjeev (Assistant manager) (28 Points)
05 August 2014
CA R SEETHARAMAN
(CA Practice )
(145371 Points)
Replied 05 August 2014
If the vendor has done the work for which provision for expense has been made and only invoice is not received, adjust the advance agaist provision for expense and not to crate any provision for bad debt. If the vendor has not done the work reverse the provision for expense. By doing this your P&L will not be debited twice.
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)