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Can anyone please explain me how to treat arrears of current and previous year in npo

    • Posted by Shubham Singh 6 years, 10 months ago

    CBSE > Class 12 > Accountancy
    • 2 answers

    Mohd. Hamza 6 years, 10 months ago

    Arrears of previous year are shown in previous year balance sheet and arrears of current year are shown in the current year balance sheet

    1Thank You

    Shweta Aggarwal 6 years, 10 months ago

    Arrears of current year is added and of previous year is deducted

    1Thank You

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