01 March 2022
Our auditor filed audit report for fy 2020-2021 . Depreciation of Rs2000/ shown in profit and loss account but was not deducted from laptop and value of laptop as b/f on 1/4/2020 was shown. Now for fy 2021-2022 how will we rectify this error? What value of laptop to be shown on 1/4/2021 ? Please clarify?
03 March 2022
Cash ac was credited instead of laptop ac last year so now cash ac will be debited and prior period depreciation ac will be credited. Please advise