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whether prior period exp or not ???

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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??
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CA Navin Jain

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CA Navin Jain (Expert)
06 October 2010 yes exp is prior period
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