Prepayments..
This query is : Resolved
28 July 2015
We paod rent for the year 2015.. how do we account in 2014 financial..
28 July 2015
If Liability is for F.Y. 2014-2015 and Paid in F.Y. 2015-2016 then you have to show rent as Payable as on 31.03.2015.
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