Prior year adjustment
EasyAcct : 2008The transaction was capitalized in 2010. However, in 2011 the client wants to re-class the capitalized transaction to an expense account. what would be the proper adjusting jounal entries? Please advise.
The transaction was capitalized in 2010. However, in 2011 the client wants to re-class the capitalized transaction to an expense account. what would be the proper adjusting jounal entries? Please advise.
Be the first to answer this question.