Prior period exp

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arjun agarwal

arjun agarwal (Querist)
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02 May 2014 Hi,

what is the group of perior period exp in tally

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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02 May 2014 Advances or Current assets

arjun agarwal

arjun agarwal (Querist)
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03 May 2014 Thanks sir for your reply but what s the concept of mean why in current assets or advances,

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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03 May 2014 Prepaid expenses paid is the expenses paid in advance. so it can be treated as advance, so it will be comes under current assets

arjun agarwal

arjun agarwal (Querist)
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03 May 2014 i am asking prior period exp not a prepaid exp , prior period exp mean expenses during last year but we i didn't booked in last year

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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10 May 2014 it will be booked in same head for which in current year if that exp have incurred would have booked.

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