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Previous year adjustment

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(Querist)
02 February 2023 Hi,
Please suggest accounting treatment in Current Year for expenses which excess booked in previous year.
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Shailendra Jaiswal,

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Shailendra Jaiswal, (Querist)
02 February 2023 And Previous year accounts is closed
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Manish

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Manish (Expert)
02 February 2023 If cash flow is involved:

Cash A/c Dr.
To Errors & Omissions A/c
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