06-21-2013, 12:56 AM
hello!!!
I just found out that the amount of my accounts payable in trial balance and balance sheet are equal, but not the same with the amount in supplier balance at a period end.
example is this:
balance sheet amount - 500,000
trial balance amount - 500,000
Supplier balance at period end - 590,000
I also found out that amount of my inventory/stock in trial balance and balance sheet are equal, but not the same with the amount in inventory valuation report.
example is this:
balance sheet amount - 500,000
trial balance amount - 500,000
Inventory valuation report - 590,000
The figures i gave were not the actual...
Will you please help me solve this one..
thank you in advance...
I just found out that the amount of my accounts payable in trial balance and balance sheet are equal, but not the same with the amount in supplier balance at a period end.
example is this:
balance sheet amount - 500,000
trial balance amount - 500,000
Supplier balance at period end - 590,000
I also found out that amount of my inventory/stock in trial balance and balance sheet are equal, but not the same with the amount in inventory valuation report.
example is this:
balance sheet amount - 500,000
trial balance amount - 500,000
Inventory valuation report - 590,000
The figures i gave were not the actual...
Will you please help me solve this one..
thank you in advance...