Prior period income
This query is : Resolved
28 June 2013
If interest income of the last year considered on estimated basis and actual income turns to be higher than estimated income,wether it is considered as prior period income as per AS 5??
28 June 2013
YES THIS IS PREIOR PERIOD INCOME
IF B/S IS NOT FINLA THEN YOU CAN MAKE CHANGE IN LAST YEAR INCOME ESTIMATES
IF B/S IS NOT FINLA THEN YOU CAN MAKE CHANGE IN LAST YEAR INCOME ESTIMATES
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