Sundry creditor opening balance difference

50000 opening balance 1/4/19
actual opening balance is 80000
paid by cheq 80000 1/6/19 balance is shown 30000 excess payment what adjustment we do ?
Replies (5)
Quick Summary
This discussion addresses a £30,000 discrepancy in a sundry creditor's opening balance. The initial balance was £50,000 but the actual balance was £80,000, leading to an apparent excess payment. The suggested resolution involves identifying the cause, potentially a missed purchase bill from the previous year, and adjusting the accounts accordingly by showing the bill as a prior period expense.

30000 difference on account of what? purchases remained to be shown of last year or payments made not matching of earlier year?
Purchase bill missed
Show that bill as purchase on 01.04 and show it as prior period expenses
Agree with Dhiraj Kabra ji.
Agree with dhiraj kabra ji

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 30 September 2026
CA Article Assistant

CA Suraj Garg & Associates

New Delhi

CA Final

View Details
Company
06 October 2026
Assistant Manager - Audit and Compliance

Ravi K Jain & Co

Noida

Others

View Details
Company
14 October 2026
GST & TDS ASSISTANT

AGGARWAL SANJAY & ASSOCIATES

New Delhi

B.Com

View Details
Company
ARTICLESHIP 07 October 2026
Article Trainee/ CMA Trainee

RMA And Associates LLP

New Delhi

CA Inter

View Details
Company
12 October 2026
Chartered Accountant - Internal Audit

HKC | Chartered Accountants & Business Advisors

Ludhiana

CA

View Details
Company
ARTICLESHIP 20 October 2026
CA ARTICLE

AMKN & CO

Noida

CA Inter

View Details
Company
13 October 2026
Accountant

Zerdi & Co. Chartered Accountants

Pune

B.Com

View Details
Company
19 October 2026
Accountant

Jari Saree Center

New Delhi

Others

View Details