Wrong bank balance shown in balance sheet
This query is : Resolved
05 December 2012
Hello Sir,
in a prob. firm wrong bank balance shown in balance sheet to how i can adjust it into wright balance
plese tell me
in a prob. firm wrong bank balance shown in balance sheet to how i can adjust it into wright balance
plese tell me
CA. Subhash Dangi
(Expert)
05 December 2012
If you change the correct bank balance in balance sheet, the balance sheet will not tally and it will show the difference to the extent of difference.
Therefore, u need to find out the entry or transaction for root cause of difference and corresponding entry to be rectified. Then only balance sheet will tally.
Therefore, u need to find out the entry or transaction for root cause of difference and corresponding entry to be rectified. Then only balance sheet will tally.
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