Rep: Thanks for your answer
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 April 2010
Dear,
Thanks for your answer,but still i have doubt, for recording a prior period item are we need to create a new account for prior period expenses ? please give details
Thanks for your answer,but still i have doubt, for recording a prior period item are we need to create a new account for prior period expenses ? please give details
Rahul Gupta
(Expert)
04 April 2010
Yes. You are required to create a separate accounts and it is presented separately in the P&L A/c.
05 April 2010
Open an account name as priod period expenses in profit and loss account only...
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