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Wrong invoice found after balance sheet finalize
we entered wrong invoice in f.y.2018-19, and we found out this invoice after balance sheet finalize, what we do
Replies (9)
will you please elaborate wrong Invoice ,sales invoice or purchase invoice , what exactly wrong entered in the books of accounts ?.
What type of wrong invoice you are talking about ? I assume it to be sales invoice.
what is the error ?
Are you under Audit ? Hope return is not yet filed. Provide few more details
what is the error ?
Are you under Audit ? Hope return is not yet filed. Provide few more details
If anyone answers it please email me on kale.aditya.b @ gmail.com
If balance sheet or income tax return filed then revise it.
But once it is finalized and audited , it is easy to file revised return but not at all easy to revise audit report.
if it's not audited then it's easier to modify provided it's materially affects Balance Sheet
You have also to see the effect on GST returns.
if it's not audited then it's easier to modify provided it's materially affects Balance Sheet
You have also to see the effect on GST returns.
Can we make correct entry in current year
If you entered purchase the reverse it on 1-4-19, reverse the same entry you passed last year (Pass JV), if its a sale bill bill then transfer that bill to suspense A/c & in new year just reverse the entry i.e sales return from suspense A/c on 1-4-19
THAT THE FOLLOWING POINTS ARE TO BECLARIFIED
1NATURE OF EXPENSES INCOOME
2 ASSESSEE IS CO O INDIVIDUAL
44AB IS APPLICANBLE/ GST RETURNS ARE FILED
26AS /TDS/ GSTRRETURNS VERFIED AND FILED
GOODS WHETHER IT REFLECTED IN STOCK LEGERS
FIND ANY STATMENT RECIVED FROM SD/SC
@ Umesh
you can rectify it in current year. Rather you ought to rectify it in current year.
you can rectify it in current year. Rather you ought to rectify it in current year.
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