Wrong accounting of Fixed Asset
This query is : Resolved
25 October 2009
Hi,
While accounting software purchase invoice , i have wrongly use the fixed asset code software acquired instead of Software.
Now i want to reclass this entry with proper effect of depreciation in both the a/cs. Please advcie how to do .
While accounting software purchase invoice , i have wrongly use the fixed asset code software acquired instead of Software.
Now i want to reclass this entry with proper effect of depreciation in both the a/cs. Please advcie how to do .
25 October 2009
You can reclassify.
You have to calculate the correct depreciation after reclassification and difference excess or shortage to be adjusted during the year with a note for the same.
You have to calculate the correct depreciation after reclassification and difference excess or shortage to be adjusted during the year with a note for the same.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Reopen of assessment proceeding
- Is any professional CA is here please reply
- EPF FULL & FINAL RULES IN 2026
- Reprocessing of rectification order AY 2025-26
- FTS Taxable under 115A
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- Experts need help
- Putting a heading on received mail
- Rental income gst and it purpose
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
