Prior period expenses

prior period expense or Income means  both are not recorded in books of accounts due to any reason  in which  year  they are incured or gain  and therfore we have to entered in the books of accounts in the current year . 

Tally entry for expense 

1)  profit & loss A/c (Appo)  Dr 

     To prior period expense  A/c  Cr 

(  last year  expense ) 

2) In case  you miss any income last year  entry will be 

   prior  period  Income  A/c   Dr 

   To profit & loss  A/c (Appo)  Cr . 

(last year income ) 

thankyou sir for sharing this information