Interested to Buy Any Domain ? << Click Here >> for more details...
I have received a sum of Rs.500 worth Bill from Vendor,
which is relevent to 2004-05. But Outstanding Expenses not
book during that Year? What is the Accounting Policies to
book this expenses?
- 1 Answers
- 4786 Views
- I also Faced
- E-Mail Answers
Answer Posted / sreenatha reddy a
if any Expenditure is not accounted in any Previous year it should be booked in current year as Prior Period Expenditure under Indirect expenses. and the Same is Disallowed in the Computation of Income during the Current Previous Year. But In Case of Prior Period Income It Is Different and It Should Not Be Disallowed.
| Is This Answer Correct ? | 4 Yes | 0 No |
Post New Answer View All Answers
What are the different types of audits?
How do you feel u contributed to its effectiveness?
i want question papers audit staff selection examination
i am working in a company as wholesale in saudi arabia.i am one of the new.we are supplying to some hyper market. they will issue the money as cheque and they will send the cheque amount and invoice details also.then how can i reconcile our statement with use of that cheque details
What techniques used during an audit?
what is the difference you can make by doing your course in the country of your choice
What is the difference between internal audit and statutory audit?
Why you want to be a auditor?
I WANT TO DO MY ARTICLE-SHIP FROM DELLOITS KOLKATA..PLEASE HELP??
whta is the current SBAR? Please provide the past rates from 1st january 2011 to till date.
Do you know what are the reasons for getting audited?
Tell me that how I can evaluate the internal control audit?
What Is Social Audit?
What are the objectives of internal audit?
What are the basic principles of an internal audit controlsystem?
