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Accounting treatment of bill relating to earlier period

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(Querist)
17 May 2011 Dear All,
When an bill relating to earlier period comes for accounting, then what will be the accounting treatment? how to disclose it in the financials???
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Kumar Babu.G

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Kumar Babu.G (Expert)
17 May 2011 It has to be disclosed as prior period item in financials as per AS4.
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U S Sharma

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U S Sharma (Expert)
17 May 2011 book the expense on payment basis.
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Pankaj Gandhi Jaiswal

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Pankaj Gandhi Jaiswal (Expert)
08 June 2011 read AS 4 and it will be prior period

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