Communiquez avec les autres et partagez vos connaissances professionnelles

Inscrivez-vous ou connectez-vous pour rejoindre votre communauté professionnelle.

Suivre

After audit how will you treat previous year expenses in current year?

user-image
Question ajoutée par Shaikh Aslam , Accounts Payable Accountant , Impact Realty Contracting Company
Date de publication: 2017/01/31
Haroon Al Rasith
par Haroon Al Rasith , Accountant , Al Karamah Building Materials Trading

If Audit finished then treat is as commission on land purchase Dr and Cash / bank Cr.

Hossam Elgewili CMA
par Hossam Elgewili CMA , Chief Accountant , Saudi Specialized Publishing Company

If the amount is material it shall be recorded in prior period adjustment account and retained earnings. Otherwise it shall be treated as normal expense in the current year.

More Questions Like This