TMI BlogMethod of account - project completion method - Reversal of the excess profits recognised as income in...Method of account - project completion method - Reversal of the excess profits recognised as income in the post period - this kind of rectification / reversal of entries constitutes the amendment to the account unauthorizedly done by the management and it is outside the Accounting Standard (AS)-7 - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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