Trail balance

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girish (Querist)
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12 October 2011 Dear Sir,

i compare trail balance closing bal.31-03-11 and 1-4-11 opening bal. match.

i have doubt what item will come April opening bal.
direct and indirect expenses bal. is come under Profit and Loss account.

what item we transfer into new year opening trail balance.

Thanks

CA SUMiT PATWARi

CA SUMiT PATWARi (Expert)
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12 October 2011 You can compare only the balance sheet items as the closing P&L items existing as on 31.03.2011 would have been transferred to P&L as a part of closing activities.

You can sum up the P&L items & P&L balance as on 31.03.2011 and compare the total with P&L balance as on 01.04.2011.

Hope this helps!