balance sheet

This query is : Resolved

Rajesh Rawat (Querist)
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15 January 2010 previous yr i had expand excess amount as grant recieved but i forget to show assets for this amt.
so this f.y i have rec. grant than i reduce balance for it .
but my problem is that i debited to grant but i face problem to credited what a/c bec i not show as an assets for rs 1.0 lakh.

so what i do for reduce this grant.

please help us

as soon as possible and perfect solution give us to me.

thanks

Sudhindra

Sudhindra (Expert)
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15 January 2010 Please tell me first hing is to what account u have credited expenses last year because ur balance sheet wont tally with single effect, somewhere u must have credited?

First find out and let us know....

Rajesh Rawat

Rajesh Rawat (Querist)
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15 January 2010 sir. we are set accounts creation of cost centres and previous yr when grant rec we passs entry

bank Dr 2.0
grant rec cr. 2.0

expense show p&l a/c
but i made accounts in correcyt way
then what itake next step for improvement
this time i open a/c

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