Ommisison of non-booking of fixed assets in previous f/y
This query is : Resolved
Querist : Anonymous
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.
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.
CMA Ramesh Krishnan
(Expert)
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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