What is the time limit for correcting this error

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Reference no: EM133674878

Question

At year end, a business discovers that a customer invoice created back in January for $5500 was incorrectly coded as GST Free when it should have been a taxable supply ($5000 plus $500 GST). Explain how this error would be corrected. What is the time limit for correcting this error?

Reference no: EM133674878

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