Can we booked current years expenses in the next year ?
wahtever the answer plz provide me any proof for that
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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 |
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