Final accounts

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Write off of indirect income in current year.If this will be shown as prior period item?
Replies (2)

Indirect income....? 

There is no nexus between indirect income and prior period item. If you make any error or ommission in the previous years you can treat the item as prior period item. 

So you cannot treat the indirect income or undisclosed income as prior period item

Thanks for your reply.


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