by Moonzy on October 29th, 2009

Moonzy

Question

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If i forget to book an expense in 2007-2008 fiscal year, how should i correct it in the next fiscal year? for example i forget to book 5000$ stationery expense, what should be the treatment of this? actually i want to clear prior year adjustment concept.

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You're reading If i forget to book an expense in 2007-2008 fiscal year, how should i correct it in the next fiscal year? for example i forget to book 5000$ stationery expense, what should be the treatment of this? actually i want to clear prior year adjustment concept.

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Book prior year expense