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Adjustment of creditors and debtors

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(Querist)
07 November 2023 I have improper balance sheet of last year and I need only need to take Debtors and creditors closing balance as opening balance in new company. But when I taking only both then balance sheet will mismatch. Can I take the amount by passing journal entry against Purchase and Sales to take the balances of Creditors and debtors
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Aashok Kumar Sharma online

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Aashok Kumar Sharma online (Expert)
20 January 2024 Some other ledgers are causing the issues. You have to recheck the same again. You can pass a single JV in the previous year with all differences which shall nullify the impact.
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