Depreciation
This query is : Resolved
14 March 2009
The asset is wrongly classified as P&M instead of Intangible asset. whether Amortisation/ Depreciation shall be with retropective or propective effect?
14 March 2009
retrospective effect
14 March 2009
Can u plz tell disclosure requirement of the above in relation to AS.
14 March 2009
Prior period items are income or expenses which arise in the current period as a result of errors or omissions in the preparation of the financial
statements of one or more prior periods.
refer AS-5.
https://www.icai.org/resource_file/247accounting_standards_as5new.pdf
statements of one or more prior periods.
refer AS-5.
https://www.icai.org/resource_file/247accounting_standards_as5new.pdf
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