Previous year transaction

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DWARKA (Querist)
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13 December 2013 In a company. Wrongly i had left a electricity bill for Rs. 10000 approx. Can i take this into current year books.

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Ganeshbabu K (Expert)
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13 December 2013 Yes you can account it as prior period expences

DWARKA (Querist)
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13 December 2013 Should i have to create new ledger in the name of prior period expenses. Can i enter in the old ledger as current year transaction.

Ganeshbabu K (Expert)
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13 December 2013 create new ledger under indirect expences

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