Machinery balance over

how to rectify machinery balance overcast before the trial balance
Replies (1)

First machinery balance is carried from the trial balance. So the rectification must start from trial balance and carried to machinery ledger and it's closing balances must be restated. You have to disclose as per the prior period adjustments standard

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Follow