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Prior Period Expenses

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(Querist)
04 May 2009 Hi,
I want to know whether a bill dated in the prior year accounted in the current year but material rcvd only in the current year is a prior period expenses or not??
Thanking You In advance
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CA MEENAKSHI MANGLA

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CA MEENAKSHI MANGLA (Expert)
04 May 2009 yes it is prior period expense
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CMA KNVV Sri Vidya - Sri Kanth

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CMA KNVV Sri Vidya - Sri Kanth (Expert)
05 May 2009 Yes it is expenses




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