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Ommisison of non-booking of fixed assets in previous f/y

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 April 2013 Dear Friends

Need your valuable suggestion on following:
Few bills of machines purchased in last year have been missed to enter in books.that have been audited as well.
We got the bills in this F/Y.
How to enter them in the books of Current year and what about Depreciation.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
06 August 2013 you can book in current year and charge depreciation. depreciation part related to previous year can be treated as prior period item

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