04-17-2009, 05:57 PM
Dear Aftab
IAS 8, deals with Fundamental Error and changes in accounting policies.
first of all fix the nature of transaction.
is it Cash recieved from customer by cashier
is it Cash recieved in bank from customer
is it cash sales.
is it cash received by third party /owner etc.
I think you would be in a better position to dicide. Fix the liability and charge to him.
Awais have a look of qoute of Faraz - perpetual and comment. it is your field.
Wasim
IAS 8, deals with Fundamental Error and changes in accounting policies.
first of all fix the nature of transaction.
is it Cash recieved from customer by cashier
is it Cash recieved in bank from customer
is it cash sales.
is it cash received by third party /owner etc.
I think you would be in a better position to dicide. Fix the liability and charge to him.
Awais have a look of qoute of Faraz - perpetual and comment. it is your field.
Wasim
