Hi,
There is mistake in the opening balance it means actual opening balance of Creditor is Rs.100 but last year audited balance sheet show was Rs.150 how to rectify this.
Menu
Opening balance of creditor
Replies (1)
Take ₹150 as this year opening and pass ₹50 paid entry to creditor. then it will become ₹100.
Recent Topics :
- Gift of unlisted shares to friend upon marriage
- Utilising Section 54(F) for capital gains reinvest
- GST ewaybill closure and Bill to ship to GST numbe
- TDS ON PARNTER INTEREST
- Share important chapters of ca inter costing
- Free CA Foundation Study Material - PYQs with Sugg
- INCOME TAX
- Moving from old to new tax regime after notice
- Need urgent help on notice
- ITR-3 - F&O Loss adjusted against business inc
Related Topics :
CAclubindia
