Fixed assets

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

19 December 2014 Opening balance of Fixed Assets is Rs.6Lacs but there is an error as actual Assets is of Rs.2Lacs.

How to rectify the error?

CS,CA F,Numrologi TusharSampat (Expert)
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19 December 2014 then pass a prior period entry and rectify it and also the depreciation shall have ot be rversed.

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