Perior Period Transactions reg

Marimuthu (Manager) (524 Points)

25 December 2021  
Dear Experts,

Our firm has paid GST demand pertaining to FY 2020-2021, in the month of Sep 2021.

How it could be posted in the Accounting Software?

Can we create the Liability of FY 2020-2021 in this current Financial year?


if so, kindly explain the journal entry details.

Thanks in advance for your replies.