Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

Accounting for a lawsuit?

My client had a single Member Company (SMC) that he sold in2009. One of his employees brought a employer practices lawsuit against him in2010. He continued to have legal expenses relating to this suit until2012 but did not have any income to offset the expenses in2013 and2014. Can I put most of those expenses in2011.

user-image
Question added by bilal nazir , Senior Accountant , Dubai Link Tours L.L.C
Date Posted: 2014/01/31
Suresh Mishra
by Suresh Mishra , Oracle EBS Financial apllication consultant , Confidential

Obvousuly it's adjusted with suspense accounts.

More Questions Like This

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.