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)
- 3 Answers
- 9422 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / 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 |
Answer / prachi panadiwal
PRIOR PERIOD ITEM WHICH IS ISSUED IN ONE FINANCIAL YEAR &
CARRY OUT NEXT FINANCIAL YEAR ALSO
E.G IF CHEQUE ISSUED IN MARCH & CLEARD IN MAY TNEN IT WILL
MOVE TO PRIOR PERIOD WHILE BANK RECONCILATION.
| Is This Answer Correct ? | 1 Yes | 6 No |
Answer / r sumitra
prior period item are those which arise after the
incorporation but the receipt of certificate of commencement
| Is This Answer Correct ? | 0 Yes | 8 No |
even if trial balance matches there is an error of wat???
By saying, perpetual or periodic inventory system; what do we mean?
what is the enty for gift given to company employee by company but purchased by director of the company
accounting equation is what?
What Is The Entry Of fixed Assets & Which Ledger? How Many Entries Are Posted For 1 Transaction? If We Paurchase Asset From XYZ Ltd. & Make Payment.
Which forms in use in service Tax, Excise duty and Vat for the return.
0 Answers ME, Signac International,
exchanged old furniture for new,the value of old furniture was rs 350 while the vaue of new furniture was rs 900 balance paid in cash what will be the journal entry according to you
2 Answers Chartered Accountant,
What have you read in the newspapers in the last few days that particularly interested you?
What will be journal entry of cost of goods sold.
21 Answers Cura HealthCare, Ernst Young,
Which kind of transactions are not recorded in the books of account?
Tell me in which account does the unpresented cheque will get recorded?
Explain me what is important to effective market analysis?
Audit 
