Our Company has Booked previous years bills date in current financial year, SO It is a prior period exp. booked in current year ,
Is there any solution to rectify this ?
Our Company has Booked previous years bills date in current financial year, SO It is a prior period exp. booked in current year ,
Is there any solution to rectify this ?
According to me:
I think it is not belongs to current year....
As we study in topic NPO Last year Subscripttion received in current year is deducted while preparing Income and Expenditure A/c But shown in Balance Sheet..........Your problem is related to this.......
| Originally posted by : Mr. Ashwini Rohilla | ||
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Dear Sir,
It means it will be disallowed while preparing for filing income tax. |
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Hope below link may clarify your doubt:
https://220.227.161.86/eac/eacfinal/vol1/47.htm
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