hi Can any one tell me once i close my fiscal year and close income statement why entries are still allowed in that closed fiscal year… even if allowed it should be allowed only as a prior period adjustment … : 1. why entry is allowed to enter once the year is closed. 2. how to trace entry passed is entered once the year is closed. 3. how to deal prior period adjustment.
Hi, Someone already replied this posting. Please go through reply before posting the same again and again.