A Person has failed to provide provision for contribution to PF last year, for the month of March. But has paid it before the due date on 07/04/2012. How to record the same in this year's books?? Is it disallowed as prior period expense or an allowable expense, as it is paid within due date??
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Is pf contribution allowable as prior period expense??
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Are the accounts of teh concern being finalized?
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