Machinery balance over
Atharv Sankliya (1356 Points)
24 September 2022
how to rectify machinery balance overcast before the trial balance
1 Replies
Yasaswi Gomes new
(Finance )
(4545 Points)
Replied 26 September 2022
First machinery balance is carried from the trial balance. So the rectification must start from trial balance and carried to machinery ledger and it's closing balances must be restated. You have to disclose as per the prior period adjustments standard
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