Hello. Can anyone Please tell me how to match Tally Books with the Audited balance Sheet of CA. The difference arises due to the Depreciation. We uses depreciation as per income tax in tally but he shows depreciation as per companies act in Pvt Ltd Company. And I dont have the purchase value of fixed assets which were purchased before FY 2014-15. The value of Fixed Assets in his schedule is more than that my Tally Books. Please tell me someone what to do now asap??? I will be really obliged to you.
1 Replies
Deepak sharma
(Learner)
(1431 Points)
Replied 24 February 2016
->First compare your Fixed Assets Opening Balances from Tally With Fixed Assets's (Net Block as at 31/03/2014)
if matched
-> Check for Depreciation for the year i.e. 31/03/2015.
I hope you will find the difference under head Depreciation for the year
Recent Topics
- Master File Documentation related
- Applicability of 44AD needs clarification
- ITC reversal in GST 3B
- Claim if ITC on stocks 19-2020 conversion from com
- Urgent doubt on GST
- Profit or Loss on Sale of Assets Accounting treatm
- Clarification on RCM on Rent Payment for QRMP Deal
- Reclaimed itc in gstr9
- Gamification in Accounting Software: Boosting Enga
- I want to knw Hsn code and gst rate of resin produ
Related Threads
CAclubindia
