Accruals query

[hettydehaan]

Hi
I have just taken over doing someone else's accounts and have noticed various anomalies with last year's accounts which I now need to rectify.

Entered under accruals is a figure from 2 years ago of £34743, this now needs to be written off but hasn't been reversed and I have no idea where it has come from. Where should I post the credit if the debit is posted to accruals?

Thanks

 

[kirby]

Try these things, if you see no documentation for the original accrual:
If you are audited - ask the auditors
Ask anyone who was in acctg at that time
Look at the financials or g/l for that period and see if you can spot an offsetting change in another account
If all else fails, post the income statement effect to "Misc Income" or "Misc Expense" as appropriate.