Question
If an entity were to discover that an expense of a prior period was omitted (perhaps astheresultofagenuine mistake), should it record the error by increasing
If an entity were to discover that an expense of a prior period was omitted (perhaps astheresultofagenuine mistake), should it record the error by increasing the expenses in the period in which the error was discovered, or recognise the error by making an adjustment directly to retained earnings?
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Payroll Accounting 2017
Authors: Jeanette Landin, Paulette Schirmer
3rd edition
1259572188, 1259572180, 1259742512, 9781259742514, 978-1259572180
