Ommisison of non-booking of fixed assets in previous f/y


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Querist : Anonymous

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Querist : Anonymous (Querist)
23 April 2013 Dear Friends

Need your valuable suggestion on following:
Few bills of machines purchased in last year have been missed to enter in books.that have been audited as well.
We got the bills in this F/Y.
How to enter them in the books of Current year and what about Depreciation.

06 August 2013 you can book in current year and charge depreciation. depreciation part related to previous year can be treated as prior period item


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