Liabilities arised from privoius year

Suman (Accountant) (61 Points)

21 June 2014  

Hello to All,

Kindly explain the journal entry of tax+interest by the parties or  department demad which related from last year but it was not i due last year, it is a type of expense but we in P&L a/c we take only related year expense & incomes.

Pls explain this type of expense.