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Accounts matter

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(Querist)
01 March 2021 hello every one ,
last year we were done a expense and treated it as capital work in process but in current year the scenario is change, we want to include this expense in current year as expense.

how can we do it???
please help me.......
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
01 March 2021 Charge it as expenses of current year and record the reason for change in scenario.
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manjeeta modi

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manjeeta modi (Querist)
01 March 2021 but CWIP show in last year B/S........ so we can remove in current year....???
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
01 March 2021 Yes, you can remove it current year with valid reasons.
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manjeeta modi

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manjeeta modi (Querist)
01 March 2021 ok sir thanks from your suggestion

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