ca1419$ (CA Article) 25 October 2020
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.
Ravi Duseja (Article) 31 October 2020
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