there is difference of rs.2600 in balance sheet and ledger of tally...
balance shows the fiqure of rs.487400 of rent in expense schedule while tally ledger show the rs.490000
my question is how to clear this difference as this difference has came from last years balance.....
your guidance would be valuable
first of all reconcile the opening balance of your books from last year B/s
thereafter you will get the exact area of difference
then check the respective ledger of P.Y.
I think there will be difference due to missing of one entry regarding prepaid or outstanding rent Entry
CAclubindia
