My father is working in a mandal ,which occurs the diff. in balancew sheet ,what is the procedure to reduce the diff.in balance sheet ,the balance shown more in asset side compare to liabilities side
vipul jain (Business) (38 Points)
09 June 2008My father is working in a mandal ,which occurs the diff. in balancew sheet ,what is the procedure to reduce the diff.in balance sheet ,the balance shown more in asset side compare to liabilities side
Vidya
(Student)
(789 Points)
Replied 24 August 2008
Errors in passing original entries will result in differences. Its better to check all the entries if possible for accuracy in values and proper accounting treatment. If atleast the debits and credits are correct, the B/S must tally. If you needs further assistance please let me know.
CAclubindia
