Cash exp. of previous yr.
This query is : Resolved
26 September 2011
Dear Sir,
Pls suggest me whether cash exps. of last 5 to 6 yrs. which we missed out in previous yr. Can we take that exps. in current yrs expenses. Exps like gratuity, sales pramotion etc.
pls suggest urgently.
thnks.
Pls suggest me whether cash exps. of last 5 to 6 yrs. which we missed out in previous yr. Can we take that exps. in current yrs expenses. Exps like gratuity, sales pramotion etc.
pls suggest urgently.
thnks.
26 September 2011
You can show them as prior period expenses as per AS-5.
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