Urgent
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 September 2012
Dear Experts,
While finalising balance sheet of one of my client. The Assets side is coming in excess about 11 lacs due to bank balance on 31st March 2012 of Rs. 11 lacs something. In the liability side Rs. 3 to 4 lacs can be add as net profit, however what excuse that can be show for rest amount of 5 to 6 lacs?
Please advise me.
While finalising balance sheet of one of my client. The Assets side is coming in excess about 11 lacs due to bank balance on 31st March 2012 of Rs. 11 lacs something. In the liability side Rs. 3 to 4 lacs can be add as net profit, however what excuse that can be show for rest amount of 5 to 6 lacs?
Please advise me.
CA. Vikash Dwivedi
(Expert)
07 September 2012
how it is posssible when u r following double entry system. you are missing something on liability side.
you are putting your account in peril if you adjust 5-6L on Liability side based on advise given here. consult practicing CA.
you are putting your account in peril if you adjust 5-6L on Liability side based on advise given here. consult practicing CA.
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