Balance sheet is the summary of Assets ,Liabalities , and profit or loss from Profit and loss account. following are the common reasons
1.As Purely based on nduble entry system For each ledger debits there should a equlent ledger credit on all transactions.
2. We can divide ledgers into Balance sheet items and Profil and loss account items.
Balance sheet ledgers are ledger balances which directly reflects in Balance sheet
Profit and Loss ledgers are ledgers which is reflecting only in Profit and loss account not in balance sheet.
3. Check the opening balance sheet, difference in opening balance sheet may the reason.
yes i want balancesheet
pressing Ctrl B
hai
the balance sheet must tally at the end. Other wise it is shown what ever the information give might be wrong or. Calculation is wrong.
12345 is an actual zip code! look it up!
you don't need to transfer it manually. It happens automatically.
Cash balance from cash flow statement should always tally with balance sheet cash balance otherwise it means that cash flow statement is not prepared accurately and proper investigation should be launched to check the discrepancies .
why does trial balance always tally
Tally is an accounting software which allow the user to maintain ledger daybook and also generate the business transaction into profit and loss and balance sheet automatically.
Sources of Funds: comprises of Liability and EquityApplication of Funds: comprises of Current and non Current Assets
Loan is on balance sheet
In off-balance sheet financing assets are not shown in balance sheet while in balance sheet financing fixed assets shown in balance sheet.