Previous year transaction

This query is : Resolved 

13 December 2013 In a company. Wrongly i had left a electricity bill for Rs. 10000 approx. Can i take this into current year books.

Need direction

13 December 2013 Yes you can account it as prior period expences

13 December 2013 Should i have to create new ledger in the name of prior period expenses. Can i enter in the old ledger as current year transaction.

13 December 2013 create new ledger under indirect expences


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