Managerial remuneration
This query is : Resolved
30 May 2008
A private limited company without providing for directors remuneration for the ye 31.3.2007, paid it in June 2007.Now a provision should be made for the ye 31.3.2008. How the amount paid in June 2007 is considered in account.Whether this is to be treated as prior period expenses?
30 May 2008
yes, it is a prior period item.
05 June 2008
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