Easy Office
LCI Learning

Prior period item

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
26 February 2014 Sir,

An institution failed to record TDS which was deducted from its income for the previous Year.So this was not reflected in the financial statements for the previous year. However on filing IT return for the previous year,the amount of TDS was reflected in form 26 AS.How can this be recorded in the financial statements for the current year? Journal Entries required.
Profile Image

Vishnu Saboo

Profile Image

Vishnu Saboo (Expert)
28 February 2014 Prior period items Dr
to Party A/c

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess


Answer Query



Quick Links