Transactions which correct nominal account balances of prior fiscal periods are posted to one of two current accounts, "Revenues applicable to prior years" or "Expenses applicable to prior years."
Cal. Code Regs. Tit. 2, § 1101.11
Transactions which correct nominal account balances of prior fiscal periods are posted to one of two current accounts, "Revenues applicable to prior years" or "Expenses applicable to prior years."
Cal. Code Regs. Tit. 2, § 1101.11