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H.w. rule 4 under section 133 of companies rule ,2015 provides the obligation to comply with Indian accounting standards
Q16. Why it is not error of comission since the amount is recorded in wrong book
Thanku Edutap for this series. It is helpful.
Prepaid wages account is debited and shown on asset sideShare application money to be refunded is shown under other current liabilities
Other current liability
H.w. rule 4 under section 133 of companies rule ,2015 provides the obligation to comply with Indian accounting standards
Q16. Why it is not error of comission since the amount is recorded in wrong book
Thanku Edutap for this series. It is helpful.
Prepaid wages account is debited and shown on asset side
Share application money to be refunded is shown under other current liabilities
Other current liability