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??
Is pf contribution allowable as prior period expense??
Aparna Sekar (Srirangam) (92 Points)
02 July 2013