FINALISING OF A COMPANY,S BALANCE SHEET!!!!!!!!!!!!!!!!!!!!!!!!!!!
This query is : Resolved
09 August 2007
HOW T PRACTICALLY GO ABOUT FINALISING A COMPANY'S BALANCE SHEET?
WHAT IF THERE ARE DIFFERENCES IN THE CURRENT YEAR'S OPENING TRIAL BALANCE AND THE PREVIOUS YEAR'S? I UNDERSTAND THAT THE CURRENT YEAR'S BALANCES WOULD CHANGE .. BUT IF THERE ARE TOO MANY FIGURES WITH SUCH CHANGES AND IF THER IS NO PROVISION FOR LEDGER SCRUTINY THEN IS THERE ANY WAY OUT?
WHAT IF THERE ARE DIFFERENCES IN THE CURRENT YEAR'S OPENING TRIAL BALANCE AND THE PREVIOUS YEAR'S? I UNDERSTAND THAT THE CURRENT YEAR'S BALANCES WOULD CHANGE .. BUT IF THERE ARE TOO MANY FIGURES WITH SUCH CHANGES AND IF THER IS NO PROVISION FOR LEDGER SCRUTINY THEN IS THERE ANY WAY OUT?
09 August 2007
Apply As 5 concept , & any difference come out from previous year item reconcile with current year figure & there after show seperately in accounts.
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