DEPRECIATION

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

19 March 2011 DEAR SIR
IN MY FIXED ASSETS SCHE I HAVE ONE MISTAKE THAT, 2008 I MAKE DEP FOR ONE MACHINERY BUT 2009 I DIDN'T TOOK DEP (IT WAS MY MISTAKE)2010 I HAVE THIS SAME ITEM WHAT I HAVE TO DO WITH THIS PLEASE HELP ME
WHAT ARE THE ENTRY'S I HAVE TO PASS IN 2010

CA Madhu Soodan Tapuriah

CA Madhu Soodan Tapuriah (Expert)
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19 March 2011 what i gather from your query is that you have not provided depreciation for year ended 2009 and now you are finalising accounts for the year ended 2010

also it is not clear from your query whether the query relates to a company.

if that is the case, provide depreciation for 2009 also showing specifically as depreciation relating to earlier.it should be shown below the line.

again proper disclosure should be given on notes on accounts

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

19 March 2011 DEAR SIR
I AM WORKING IN A CONTRACTING CO
I FORGOT TO TAKE DEP IN 2009 (TWO ITEMS)BUT I FIND OUT THIS MATTER ON LATER.SO 2010 I WANT TO FINISH THIS PROBLEM. ASPER UR REPLY I HAVE TO SHOW THIS TWO ITEMS DEP(2009)SUPPREATELY IN 2010. PLEASE GIVE ME ADVICE.
THANKS

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