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If A/c error in fixed asset's classification is immaterial, whether reclassification is required or not. E.g. office equipment a/c for as computer?

Financial Reporting Financial Accounting
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Question added by Johry Lal , DirectorInternal Audit , East West Insurance Company Ltd.
Date Posted: 2015/03/11
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Hafiz Amjad Mehmood
by Hafiz Amjad Mehmood , Project Accounting Manager , Huta Group

It is immaterial for Final Results only, but recalssification is required upon earliest.

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