Prior period exp

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arjun agarwal (Querist)
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02 May 2014 Hi,

what is the group of perior period exp in tally

CMA Ramesh Krishnan (Expert)
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02 May 2014 Advances or Current assets

arjun agarwal (Querist)
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03 May 2014 Thanks sir for your reply but what s the concept of mean why in current assets or advances,

CMA Ramesh Krishnan (Expert)
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03 May 2014 Prepaid expenses paid is the expenses paid in advance. so it can be treated as advance, so it will be comes under current assets

arjun agarwal (Querist)
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03 May 2014 i am asking prior period exp not a prepaid exp , prior period exp mean expenses during last year but we i didn't booked in last year

CS,CA F,Numrologi TusharSampat (Expert)
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10 May 2014 it will be booked in same head for which in current year if that exp have incurred would have booked.

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