Prior period item
Querist : Anonymous
A bill dated 30 march 2014 is received by me on 1 april 2014.
So whether it should be recorded in financial year 2013-14 or FY 2014-15.
Looking forward for a prompt response.
Thank You
Querist : Anonymous
please elaborate..
to provision for exo a/c
when payment is made :
====================
prov for exp a/c.....dr
to bank a/c
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