respected sir/madam
i purchased good from mr ram of rs 10000 on previous financial year but i forget entry of bill and i make payment of this purchase on current
satish
(teaching)
(2046 Points)
Replied 20 January 2018
you can pass rectification entry
profit and loss a/c dr. xxx (As per AS5 this amount is to be shown as prior period item)
To creditors a/c xxx
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