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Prior period adj

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Querist : Anonymous

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Querist : Anonymous (Querist)
22 January 2013 We have received telephone exp bill for the month of March-12 in Jan-13 from our C&F agent. Weather it is allowed or treat as prior period Adj????
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
30 August 2013 yes. since the last year bill, it can be treated as prior period expenses only

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