Purchase difference in B/S and accounts

173 views
User Avatar

493 Points Posted on 04 September 2020
Friends I make my balance sheet audited in 2018-19 and show purchase of Rs 54625550 but actual purchase in my accounts is 54740550 and all purchase is from registered dealer and ITC is claimed according to accounts so please someone give any solution for this.
0 Reply Share Follow
On 04 September 2020 at 22:40 Report
Replies (2)
Quick Summary
A user is seeking advice on a discrepancy between their audited balance sheet and actual purchase accounts for the 2018-19 financial year. The balance sheet shows purchases of Rs 54,625,550, while the actual accounts record Rs 54,740,550. All purchases were from registered dealers, and ITC was claimed based on the accounts. The user needs a solution as financial statements cannot be revised.

User Avatar

pro badge online

Finance/Compliance Consultant
69447 Points Posted on 05 September 2020
Financial Statements needs to be prepared with much care and diligence as it can not be revised afterwards.
1 Reply
On 05 September 2020 at 09:25
User Avatar

493 Points Posted on 05 September 2020
So now what should I do
Reply
On 05 September 2020 at 13:50

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Sale of property in SLUM area ....SRA
  2. GST applicability on Shipping charges
  3. Outstanding Demand in Income Tax: How To Respond?
  4. LTCG on property sale
  5. Capital gains incidence due to bonus shares
  6. Amendment of Object Clause of Memorandum
  7. How Can I Request a Refund for an Accidental Airte
  8. TDS on salary paid in cash
  9. YEAR END GST ENTRY FOR RCM NOT PAID RS 5000 I.E OU
  10. Last Date To Fill ITR For Non-Audit Case

More recent discussions | Post

Related Topics :

Loading