Assets taken wrongly in balance sheet.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 July 2012
We have wrongly taken Office as fixed assets in our last year balance sheet and filed income tax return. Can we rectify this mistake in current year & how?
CA PARAS BAFNA
(Expert)
29 July 2012
From where the Fixed Asset named as Office
has entered into the firm's balance sheet.
Restore it at the same place, by reversing the book entries made earlier.
.
has entered into the firm's balance sheet.
Restore it at the same place, by reversing the book entries made earlier.
.
29 July 2012
You will have to file a revised return.
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