28 January 2021
A consultancy firm raise his invoice For the period F.Y.19- 20. But his invoice date is 15.12. 20 i.e. for F.Y. 20-21 In short service rendered period is F.Y. 19-20 & invoice date is for F.Y. 20-21 Now 19-20 Balance - sheet is finalised.Then this said expenses is debited to prior period or debited to current year expenses. You are requested to guide.
CAclubindia
