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Reg:-balance sheet check

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SonamGambhir

Accounts

76 Points Posted on 19 March 2020

Dear sir,

kindly suggest me

how can we check Balance sheet??

Replies (3)

Quick Summary

This discussion provides a comprehensive checklist for verifying a company's balance sheet. It highlights crucial areas to examine, including the carry-forward of closing balances, depreciation calculations, and tax provisions. The advice also extends to analysing DTA/DTL, suspense accounts, debtor ageing, bank reconciliation, stock counts, investment confirmations, and GST-related items like liabilities and ITC.

CA Naveen Chand

Chartered Accountant

8022 Points Posted on 19 March 2020

Some points for reference :

* Carry forward of closing balances

* Depreciation calculation

* Provision of Tax and other items

* DTA / DTL

* Any suspense Account

* Debtors Ageing and confirmation

* Bank Reconciliation >> Confirm Bank Balances

* Stock Count

* Confirmation of Investments

* In context of GST (liability , ITC . RCM etc )

SonamGambhir

Accounts

76 Points Posted on 19 March 2020

Thanks sir

SOHAN LAL

Manger Accounts & Finance

244 Points Posted on 28 April 2020

Go through with below link

If you learn how to prepare a balance sheet in detail you can visit my you tube channel a2z accounting school

Channel link as below
https://youtu.be/PdIa5Qqv9-8

Thanks