Difference in opening balance - reg
This query is : Open
Suresh Misogynist
(Querist)
26 March 2018
Hello Sir I Joined in a Company on Oct'18 they didn't Maintain accounts properly they haven't feed any opening Balance Correctly Now I have to Close the 2017 -18 Books So Shall I Feed the O.B as Given By Auditor & While Feeding O.B Which Expenses O.B to be Feed I Mean
i) Balance Sheet Items
ii) P &L Items
& Still Which Items to be Brought under O.B
i) Balance Sheet Items
ii) P &L Items
& Still Which Items to be Brought under O.B
26 March 2018
"OPENING BALANCE"
It's means last year closing balances are Opening Balance in Current Year... Also stated Balance Sheet. Here no. more meaningful for PandL account as Balance...
You ll prepare the Opening Balance as per Balance Sheet by the Auditor...
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