I want to ask , if any accounting entry either expense or income of last year was left out after audited Balance sheet , How to accommodate same in current year?.
If it is prior period expense in current year , How to show it , please give an example.
One more thing , I want ask about date , what date will be applicable for such type of exp or income ? , because date on invoice will be of last year and we are posting in the current year.
CAclubindia
