Prior year adjustment

Posted by honesty PM | on Fri, 09/12/2011 - 11:47 1408 1 comment | report

In preparing 2011 accounts for CH and HMRC it has become evident that the Debtors were overstated in 2010. This led to the turnover being overstated by 1.5% and also of course the PCTCT. What is the correct way to show this please?

Comments

There is 1 comment. Login or register to view it.

Doesn't this just reverse itself?

Steve Kesby | Fri, 09/12/2011 - 11:58