let me knowledge about expense which are relate to last year but come in current year after finalisation of balance sheet.
outstanding & prepaid expenses querry
$AcH!n G (Still Running for My Destination) (1036 Points)
05 June 2008
Pooja Chopda
(Practising Chartered Accountant)
(931 Points)
Replied 05 June 2008
to be booked in current year under the head prior period exp...also to be shown in current balance sheet as a seperate line item.
$AcH!n G
(Still Running for My Destination)
(1036 Points)
Replied 06 June 2008
thanks for your advice.