entry
This query is : Resolved
Guest
Guest
(Querist)
28 September 2010
WRONG ENTRY PASS FOR FINANCAIL YEAR 2008-10
OR ENTRY PASS WITH WRONG AMOUNT
SECURED ONE OF ONE PARNER IS 15000/-
BUT IT HAS BEEN SHOWN AS 18000/-
AND RETURN (INCOME TAX HAS BEEN PASS )
AND SAME HAS CARRIED FORWARD AS OPENING BALANCE
MY QUESTION IS WHAT TREATMENT SHOULD I GIVE IN NEXT FINANCIAL YEAR TO CORRECT THIS KIND OF ENTRIES
OR ENTRY PASS WITH WRONG AMOUNT
SECURED ONE OF ONE PARNER IS 15000/-
BUT IT HAS BEEN SHOWN AS 18000/-
AND RETURN (INCOME TAX HAS BEEN PASS )
AND SAME HAS CARRIED FORWARD AS OPENING BALANCE
MY QUESTION IS WHAT TREATMENT SHOULD I GIVE IN NEXT FINANCIAL YEAR TO CORRECT THIS KIND OF ENTRIES
29 September 2010
it need to be correct with debit or credit the prior period expenses or income
29 September 2010
The effect of Rs.3000 has to be shown as a prior period item in the following financial year
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