Tax treatment what shall be made

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

20 September 2016 what tax treatment shall be made if difference in trial balance

Dr, balance Rs. 5000/-
Cr balance Rs. 5000/-

Amol S Joglekar

Amol S Joglekar (Expert)
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20 September 2016 sorry not able to get what you are saying......what is the difference?

Querist : Anonymous

Querist : Anonymous (Querist)

20 September 2016 if In trial Balance
Debit balance short By. Rs. 5000/-
Credit balance short By Rs. 5000/- that is diffrence in trial balance

Amol S Joglekar

Amol S Joglekar (Expert)
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20 September 2016 both sides are short by equal amount? Then why and how are you saying that there is a difference in trial balance ?

Querist : Anonymous

Querist : Anonymous (Querist)

20 September 2016 sir,
if in two trial balance ( company A)
one short By Rs. 5000 Dr.
and another trial balance short by Rs. Cr. 5000/- ( company B)

Amol S Joglekar

Amol S Joglekar (Expert)
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20 September 2016 Did you mention this in your original query? about this 2 companies etc? if not, at least have the courtesy to say SORRY first then go on beating your trumpet. ok?

and what do you mean by TWO trial balance? Please explain

Querist : Anonymous

Querist : Anonymous (Querist)

20 September 2016 debit balance shall be allowed as a expenses
or credit balance shall be included as income.

Amol S Joglekar

Amol S Joglekar (Expert)
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20 September 2016 Go on beating your own trumpet. First have the etiquette and manner to draft the query in PROPER language.....then we will see what to do

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