Finalisation of balance sheet
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 April 2013
what should be the reatment if balance sheet does not match?
18 April 2013
If the Balancesheet is not matching then first of all go back to the trial balance. Check the total of trial balance and if there is mismatch then place the difference in suspense account. Thereafter start finding out the differences as we do while finding out errors and ommissions.
18 April 2013
If the Balancesheet is not matching then first of all go back to the trial balance. Check the total of trial balance and if there is mismatch then place the difference in suspense account. Thereafter start finding out the differences as we do while finding out errors and ommissions.
03 June 2013
First find out the difference between assets and liabilities then divide it be 2 to find out whether any debit has been credited or any credit has been debited. If it is not divisible then divide it by 9. If it is divisible then it is clear cut indication that there is mismatch in the figures. you might have taken 9456 as 9546 or like this difference of 90 if divided by 9 it is divisible. So try this.
You can also try the other experts advise but I do not give my consent for doing this as once you have transferred it to suspense it will never be reconciled.
Now, a days it is the computer regime and there cannot be any difference in B/S. I think you are asking for the examination purpose then try my solution.
You can also try the other experts advise but I do not give my consent for doing this as once you have transferred it to suspense it will never be reconciled.
Now, a days it is the computer regime and there cannot be any difference in B/S. I think you are asking for the examination purpose then try my solution.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Reopen of assessment proceeding
- Depreciation of fixed assets- coop housing society in mumbai
- TDS on Consultancy- Non DTAA
- Rental income gst and it purpose
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Gift Received from nonblood relative
- Management System (IMS)
- Experts need help
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
