Liability Not Recorded in Books of Previos Year

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Account Officer
653 Points Posted on 01 January 2019
What will be the accounting treatment of Liability forgot to book in previous year and Balance sheet with ROC and at Income tax
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On 01 January 2019 at 13:51 Report
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ACA
490 Points Posted on 01 January 2019
Show as prior period item and make adjustments in financial statements.
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On 01 January 2019 at 17:54
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Account Officer
653 Points Posted on 01 January 2019
sir, kindly explain the accounting entry please
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On 01 January 2019 at 17:59

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