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
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
It's P&L a/c
Tanq so much for clarification