whether prior period exp or not ???
This query is : Resolved
06 October 2010
suppose on 31st march10 there are some exepeses pertaining to current year. but we donot know the exact amount & therefore expenses not booked.
in the month of april bill was received for Rs.5000 for period(09-10).
As per AS-4, prior period items are those items which arise in the current year due to error/ommission in the previous year.
Is the expense of Rs.5000 a prior period expenses??
in the month of april bill was received for Rs.5000 for period(09-10).
As per AS-4, prior period items are those items which arise in the current year due to error/ommission in the previous year.
Is the expense of Rs.5000 a prior period expenses??
06 October 2010
yes exp is prior period
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Off Market debit and credit transaction
- Itr 1 processing
- Showing Gift from relative in ITR for this year
- ITR returnFY25-26
- Share accounting-->fifo - capital gain - period as per fifo?
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- ITR selection for salaries and capital gain less than L
- ITR 2 Short Term gain & Long term gain
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
