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Fixed asset not disclosed in earlier years
One of my clients purchased a fixed asset some year ago but he has not disclosed that asset as of now but now he want to show it in his current year financials.
how can i adjust it in his current year financial statements......
Replies (4)
DR FIXED ASSET
CR CAPITAL
Thank you sir
DR FIXED ASSET CR CAPITAL
Fixed asset A/c. Dr
To capital A/c
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