Year-end Invoice Closing and Accrual of Unpaid Expenses | Procedures for when December invoices arrive after the New Year, estimating accruals when they don't arrive, and ...

Nice to meet you. I am Ai, the lazy accountant.I will start with the conclusion.Costs for goods or services received in December are December expenses, even if the invoice arrives after the New Year.
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Interest Accrued During Section 10A Period Counts Towards ₹1 Crore IBC Threshold: NCLAT Delhi

NCLAT holds that interest accruing during Section 10A on a pre-COVID default counts towards the ₹1 crore IBC threshold and ...