Mistake in balance sheet for fy 2020-2021
Now for fy 2021-2022 how will we rectify this error? What value of laptop to be shown on 1/4/2021 ? Please clarify?
Even after that it will be disallowed in PY.
Prior Period Depreciation Ac - Dr
To Laptop
Under income tax you wont be able to claim the benefit.
To Laptop A/c.
Depreciation a/c is properly debited so nothing to do.
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