Prior period expense
This query is : Resolved
22 June 2012
a sales commission on sales of f.y 2010-11 paid in 2011-12.is it a prior period expense..no provision has been provided as on 31.03.11 for the same.
please do reply.........
please do reply.........
22 June 2012
Sales Commission on sales for the year 2010-11 certianly is a prior period Item if you have made any provision in that year and it has arisen due error or ommission
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