Prior period expenditure

A person( propietor)  made advance payments in 2011-12 , for purchasing a building but it was not recorded in books of accounts in that particular year .Can we record this in current year and if we can then how to show it ??

thanks

 

Replies (2)

whether he made by cheque or cash, can u elobate 

The payment was in cheque

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Follow