Prior period exp
This query is : Resolved
arjun agarwal
(Querist)
02 May 2014
Hi,
what is the group of perior period exp in tally
what is the group of perior period exp in tally
CMA Ramesh Krishnan
(Expert)
02 May 2014
Advances or Current assets
arjun agarwal
(Querist)
03 May 2014
Thanks sir for your reply but what s the concept of mean why in current assets or advances,
CMA Ramesh Krishnan
(Expert)
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
(Querist)
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
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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