You pay for a product and you get the bill. When to book the expenses

Question Posted / dipti

You pay for a product and you get the bill. When to book the expenses..

Answer / dipti

We book the expenses when the cheque is debited from our account

Is This Answer Correct ?

0 Yes

0 No

More Accounting General Interview Questions

Difference between Journal and Journal Proper???

what is the financial year of providend fund? please tell me return form no. for p.f.and esic?

CHEQUE ISSUED TO ABC 20000 & DISSOUNT RECEIVE 2000 THE CHEQUE DISSONORED WHAT ENTERY THIS TRANSACTION

Closing stock not considered in Trial Balance,why?

who are bulls and bears investors

what are journal entry of vat in sale transaction with example.

What are premises in accounting sense? What is vat adjustment?

how to pass entry in tally when insured item damage. But goods purchases with in state.

what is ledger

Give Any three special cases of computation of capital Gain U/s 45(1A) to 45(6)?

what is contigencies?

what do you mean by accrual & due ? What is the difference between Accrual & due?

For more Accounting General Interview Questions Click Here