Please help - ipcc-1 - accounts

C.A. Sandeep Wawhal (Chartered Accountant PGDFM BCom.)   (1823 Points)

25 August 2011  

Please help,

Managerial Salary is Rs. 3600/- in Trial Balance, but as per calculation (Adjustment) is Rs. 5723/-. Then what is the effect of Balance amount i.e. (5723-3600) 2123/-. As per ICAI Notes its shown in Sundry Creditors under Trade Payable. Please tell it is right ?