Risk of prior period expenses
This query is : Open
Dipesh Raj Giri
(Querist)
16 July 2016
What are the risk of Prior Period Expenses recorded in current year to the business
Rachit Nagpal
(Expert)
16 July 2016
There is no such risk involved.The same will be disallowed as an expense.
Dipesh Raj Giri
(Querist)
20 July 2016
Thank you for your reply....All prior period expense is disallowed???
CA Rohit Jain
(Expert)
20 July 2016
yes all period expenditure will be disallowed in the current year...
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