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Fixed Asset Book Twice in FY 2021-2022

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(Querist)
17 September 2024 The matter is as below:

In an Charitable Organization, one fixed asset of Rs. 10 lacs is booked twice in FY 2021-2022. So one amount can be reversed in now as it was twice booked. Depreciation is charged on both amount from FY 2021-2022

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