What is the prior period item ? and please give some
examples with entries and that account head come under
which ledger(creation of ledger)
Answer Posted / venkat
Prior period expense should be current period Provision of Current asset
Prior period income should be current period provision of current liability
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
What is the definition of manual accounting?
total assets are equal to total liabilities in final accounts ?why?
In the balance sheet, where do you show tds?
What does the standard journal entry includes?
i want to know f form and how to use and how can purchase
When their is one pick point and four unloading places with in same district their is need to write four number of way biils
How the Entry passed for Loss of Payment
Hai Experts can any one send me some finance interview questions ,my mail id is c.sujatha2008@gmail.com,please send quickly it's so need.
Tell me what does the standard journal entry includes?
How the Depreciation will calculate in Company?
What is the rate of penalty charged when the given Vat Cheque dishonoured?
Define public accounting?
ABC LTD IMPORTED GOODS FROM USA FOR $20000 ON 1/1/11 AT A EXCHANGE RATE OF RS.47.55. THEY MADE A PAYMENT OF $12000 ON 15/1/11 AT A RATE OF RS.45.95. BALANCE PAYMENT WAS MADE ON 25/1/11 AT A RATE OF RS.49.10
IN VAT INVOICES DISCOUNT ALLOWED OR NOT
What is the limitaion of the Trial Balance?!