12 June 2014
Hi, Pls clarify.. One asset capitalised on jan'2013. At the time of capitalisation v have missed out the freight amount due to v have not received from vendor. Now (2014) v received that bill(freight). Pls suggest can v captilalised the same.
13 June 2014
It is error of omission, because it accrued in jan itself and it is realted to acquisition of asset, so rectify it Asset A/c Dr To Bank or Vendor
CAclubindia
