Difference in opening balance

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

04 June 2011 This is mukesh here Can anybody solve my problem?i want to know that "if in a trial balance & as well as in balance sheet also of a company showing difference in opening balance since 4 years, how to tally that difference? Please tell the process.

haresh chand agarwal

haresh chand agarwal (Expert)
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04 June 2011 Go before 4 years when closing balance differnce. Check trial balance from final books of accounts. You will find the difference.

Or If it is minor difference up to Rs 100, take it in P/L account

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prasad

prasad (Expert)
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04 June 2011 I suggest that, whatever difference is there shall either be debitted or credited to Profit and Loss appropriation Account and the Balance Sheet be tallied.

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