urgent

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jabalpur

45 Points Joined January 2010

2000 Rs. paid for the licence fees for the year ending 30th sep.2011 had been written off.

what will be its impact on P/L adjustment a/c for the year ending 31-march-2011 and why ?

Replies (1)

Guest

Excess License Fees Rs. 1000 would be added to Profit & Loss A/c

for the year ended on 31.03.2011.

The reason being that Rs. 2000 paid as License Fees, is for the Period

From 01.10.2010 To 30.09.2011.& in books it has been written off among

6 months Period only. [From 01.10.2010 To 31.03.2011]

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