Cash expenses
This query is : Resolved
08 October 2015
if any cash expense of Rs. 2000 incurred on 31-3-2015 then the accountant record it on 4-4-2015. so, I want to ask that transaction is occurred in the last year & record in current year whether it is valid or not?
08 October 2015
It will be a prior period transaction. It needs to be covered atleast now.
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