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 ?
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Replies (1)
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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