Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

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


Please Help Members By Posting Answers For Below Questions

What do you mean by Bill of Exchnage.How to manage ? Explain

1844


What qualification do you need to become an accounting professional?

999


What is control in accounting?

958


hi...this is chaitanya fresh bcom computer graduate i need job in finance feild will i get in genpact, deloitte, bank of america, or any other mnc...?

1884


Can it be possible to transfer FCRA funds to an ngo who don't have FCRA registration no.

2515


Tell me how much statistics knowledge is necessary or required in accounting?

3929


What is the rate of penalty charged when the given Vat Cheque dishonoured?

2442


What is purchasing order?

1102


Why are accounting standards necessary?

1017


Our is a banking Activity, one person is supplying printing advertisement sheet of our product, whether he is liable to deducte TDS @ 1%

1738


Hey can any body tell me..What are negative assets?

2019


Explain me scrap value in accounting?

1075


we have a bill for billing software modification, i want to know that which head post this entry in tally & also tds applicable or not.

2073


what is the journal entry for gas connection taken by company for preparing tea and coffee.

2251


when receieve cheque from a party and we deposite cheque in bank how do this entry

5056