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Treatment of Prior period expenses

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Querist : Anonymous

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Querist : Anonymous (Querist)
19 July 2010 Can anybody help me how to disclose prior period expenses in balance sheet...


How to report it in notes to accounts in statutory audit report...
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CA. BIJENDER KR. BANSAL

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CA. BIJENDER KR. BANSAL (Expert)
19 July 2010 It is shown in P& L Apporiation A/c.
i.e it does not impact on profit of current year.

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