Sir
By overlooking i accounted two times in company books same invoice related to fixed asset for FY 18-19 in Pvt Ltd company, IT and ROC return also filed.
how to rectified. can we rectified in FY 19-20. Please advice.
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Fixed asset booked two times same bill
Replies (4)
Quick Summary
You can pass rectification entry on 01.04.2019
Party Account Dr.
Cr. Fixed Assets
Party Account Dr.
Cr. Fixed Assets
Sir
Is any impact in audit report or company reputation.
Sir
Is any impact in audit report or company reputation.
In case amount is material from Co's Point of view, You need to consult with auditors.
you have to follow the Ind As 8 Guidelines. which requirement adjustment to be made in Opening balance sheet in there any error in Prior Period and which is discovered in current Period
you have to follow the Ind As 8 Guidelines. which requirement adjustment to be made in Opening balance sheet in there any error in Prior Period and which is discovered in current Period
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