Balance sheet

moniqueversan · #1 Jan 30, 2006, 03:21 PM

My company's balance sheet is off 34500.00 when ever i make j/e's it is still off what could be some of the issues. the 34500.00 difference is in the trucks/equipment account.

mh34 · Feb 1, 2006, 05:08 AM

Quote:

Originally Posted by moniqueversan

My company's balance sheet is off 34500.00 when ever i make j/e's it is still off what could be some of the issues. the 34500.00 difference is in the trucks/equipment account.

If your off the amount of the truck asset account, did you account for accumulated depreciation on the credit side? Or, if the trucks have a liability account, maybe the Note Payable is incorrect for truck. Check your general ledger amounts and do a trial balance and see if it equals.



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