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Previous year expenses

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Querist : Anonymous

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Querist : Anonymous (Querist)
07 April 2016 Dear Experts,
Can i book the expenses of FY 2014-15 in FY 2015-16 or not.....

Please Reply.....
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
07 April 2016 You need to book it as Prior Period Expenses in FY 2015-16.
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Querist : Anonymous

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Querist : Anonymous (Querist)
07 April 2016 Sir... this exp. Is related to FY 2014-15...how it
can be book in FY 2015-16 as prior period
Exp. Plz clarify....
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
07 April 2016 Since you have not booked the expenses in FY 2014-15 you have to book it in FY 2015-16 as prior period expenses.
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Querist : Anonymous

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Querist : Anonymous (Querist)
07 April 2016 Sir prior period exp. Means
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