14 November 2020
For the year 2018 the Closing balance of Fixed assets are not matching with Opening balance of Fixed asset year 2019. Similarly balance in Accumulated depreciation account balance are also not tallying. What are steps to take to resolve this issue?
15 November 2020
Closing and opening balance should match so correct year 2019 opening balance. Find out where the difference has gone. Pass rectification entry in the accounts under finalization.
CAclubindia
