30 December 2009
prepaid expenses: If in the year 2008-2009 say on 1-4-2009 paid insurance charges of rs.32000 for the year 1-4-09 to 31-3-2011. and preparing balance sheet as on 31-12-2009, then prepaid will be calculated from which period? Is it from 1-1-10 to 31-3-2011? Am i Right plz help me out?
CAclubindia
