Previous period expenses.
This query is : Resolved
07 July 2015
I have joined in a company as an Accountant newly.I don't have opening balances also for this F.Y now I have got a bill Advertisement Expense 42,600 i.e for October'14 to March 2015. Please let me know how to enter this transaction with Journal Entry.
07 July 2015
it will be booked as prior period exp.
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