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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

07 September 2012 Dear Experts,
While finalising balance sheet of one of my client. The Assets side is coming in excess about 11 lacs due to bank balance on 31st March 2012 of Rs. 11 lacs something. In the liability side Rs. 3 to 4 lacs can be add as net profit, however what excuse that can be show for rest amount of 5 to 6 lacs?

Please advise me.

CA. Vikash Dwivedi

CA. Vikash Dwivedi (Expert)
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07 September 2012 how it is posssible when u r following double entry system. you are missing something on liability side.

you are putting your account in peril if you adjust 5-6L on Liability side based on advise given here. consult practicing CA.