UBS Accounting Software » Others

ID #1048

Retained Earnings shown in Profit & Loss Account does not tally with that of Balance Sheet

Description

Make sure  the  necessary conditions as below :

 

Solution

(1) In your Chart Of Accounts, there  should be only one account assigned with special account code

PA;

 

(2) the  Opening Stock value entered in Maintain Stock Values must  match  with the  value of Balance

Sheet  Stock in Enter Opening Balances;

 

(3) There  shouldn’t be any transaction entry  involving accounts assigned with special account codes BS, OS, CS or PA.

 

Tags: Retained Earnings shown in Profit & Loss Account does not tally with that of Balance Sheet

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Last update: 2010-11-08 08:38
Author: Noor Diyana
Revision: 1.0

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