Wrong depreciation charged in balance sheet
This query is : Resolved
26 April 2018
I have just joined a New Company, When i was checked the Last 3 year Balance Sheet (2014-15, 2015-16 & 2016-17) depreciation wrongly charged in Balance Sheet, Can i rectify the Same in Current FY BS for Year 2017-18, and how is entry to be pass in current BS.
Thanks
Thanks
26 April 2018
It should be rectified. Entry is one limb to asset and the other to prior period a/c.
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