I WANT TO KNOW A/CING ENTRY REGARDING WRONG ENTRY FOR PURCHASE OF F.A IN CREDIT DONE IN P.Y12-13. FOR EXAMPLE PURCHASE A MACHINERY AT 10000 ON CR FROM XYZ.. ENTRY DONE AT P.Y12-13 IS -MACHINERY A/C DR 10000
TO XYZ. 10000.
AT P.Y 13-14 WE REALIZED THAT ACTUALLY THE AMT. IS 9000.
WHAT A/CING ENTRY SHOULD BE DONE............
M N Rao & Associates LLP
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S.B.G. & CO. CHARTERED ACCOUNTANTS
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