Can we booked current years expenses in the next year ?
wahtever the answer plz provide me any proof for that
Answer Posted / swathi
Yes we consider previous year expenses in current year but
at the end of the previous year we must put provision for
that expenditure or income otherwise that expenditure or
income dis allowed in the next year
proof:Read the matching concepts of prior period expenditure
Is This Answer Correct ? | 7 Yes | 5 No |
Post New Answer View All Answers
Whether Advance against property to be included in Loans & Advances while referring to section 185 & 186 of Companies Act, 2013?
What sort of image do you have?
what percent of wages calculate from sales of a firm (registered under manufacturing of machinery spares) sales (appr)- RS.10000000/-
Whether interstate purchase of High speed diesel by mines at concessional rate is allowable ?
What is external audit?
How can i disable closing stock in trial balnce in tally?
central exices
What is pr ? why it is prepared and what is its purpose ? who is responsible for preparing it ? And on any fault in it who is liable ? And what will happen if fault comes ?And What are major reasons of fault ?
Why does a systems auditor need to use professional judgement when selecting audit procedures?
Explain the difference between internal audit and statutory audit?
hi friend i have selected in ssc cgle as accountant in audit department. can anyone tell about the work of accountant in audit department?
What sort of image do you have?
What is audit control procedure?
How to Computation Advance Tax For First Quarter
Explain tangible assets?