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CA foundation, paper1

CA foundation, Principles and practice of accounting, rectification of errors, vedio no. 20 You have state that P&L account transferred to Capital account but in page no. 60 of PDF material that you have provided shows P&L adjustment account transferred to P&L account of the current year

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Eswar Narayan

Eswar Narayan

CA Foundation

3K+

01-May-20 11:55

28

Answers (4)

Can you please tell the exact illustration you are referring to?


ruchi lahoti

ruchi lahoti

Moderator

06-May-20 14:38

Can you please tell the exact illustration you are referring to?

Prior period items rectification,profit &loss adjustment a/c transferred to which a/c capital a/c or p&l a/c of current year after rectifications passed


Eswar Narayan

Eswar Narayan

CA Foundation

3K+

06-May-20 14:42

It's P&L a/c


ruchi lahoti

ruchi lahoti

Moderator

06-May-20 14:47

It's P&L a/c

Tanq so much for clarification


Eswar Narayan

Eswar Narayan

CA Foundation

3K+

06-May-20 14:49