The expenses in opening balance sheet are payable i.e they are expenses of last year which are unpaid. If they are paid in current year they do not become current year expenses but just become cash outflow for current year

Sriram Somayajula

Admin

16-Sep-20 14:27

Thank you

Prasanth kumar Kamisetty

CA Foundation

★ 11K+

16-Sep-20 19:21