Dear Experts,
One of our client have Audited Balance Sheet, while checking accounts founds Creditors Opening Balances not Matching with suppliers ledger / Books.
plz suggest how can we rectify the same, can we mention a note in balance sheet of difference in opening balance or what necessary we can do to save client
As I understand, the difference needs to be reconciled. If the value is nominal, the difference can be transferred to a sundry creditors account.
Showing it as difference in opening balance is not appropriate.
CAclubindia
