suppose you are going to start new financial year then What treatment you will do of previous year balence sheet ( like previous year prepaid,provision etc) in current financial year.
1 3155After closing the financial year i.e. 31st march., you have received a teliphone bill on dated 1st april ( And the bill was for the month of 1 mar to 31st march i.e closing year's last month)what treatment you will do in current financial year and closing financial year.
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