Difference in trial balance

This query is : Resolved

SANKARA NARAYANAN (Querist)
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12 May 2014 Trial balance error and it shows difference in opening balance . how can I intercept the particular opening balances.

The company started in 2012 2012-13 accounts not computerized manually maintained.

Inorder to arrive the opening stock entry has created so for current financial year it is showing difference.

Please advice

Regards,
Sankar

Vishnu Saboo

Vishnu Saboo (Expert)
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13 May 2014 not getting what u exactly asking?
how u creating opening balance of stock, since you starting co, there must not opening stock.
what is exact problem?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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14 May 2014 Opening Stock and Closing stock will not appear in the Trial balance. It is only a Balance sheet and Profit and Loss account entry. Remove your opening balance entry the trial balance will tally.

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Vishnu Saboo

Vishnu Saboo (Expert)
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15 May 2014 Only closing balance of Stock must be appeared in Trial. diff on Closing stock - Opening stock shall be part of P&L.