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Balance sheet - witty question !!


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Querist : Anonymous

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Querist : Anonymous (Querist)
12 July 2014 in a balance sheet i found

GENERAL RESERVE - 1603
P/L ACCOUNT - 807
SECURITIES PREMIUM - 500
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Total 2910

after B/S its given profit for the yesr ended given 3060. there are some rectification amounting to rs 60 , so after rectificatio profit comes to (3060-60)=3000.

so my Q. is what could be the probable cause between such difference means why is there a difference between 2910 and 3000. it should be same.

Referncence - Praveen sir , ca final , valuation of goodwill chapter , ABC Ltd.

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Querist : Anonymous

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Querist : Anonymous (Querist)
13 July 2014 eagerly waiting for some reply...



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