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Balance sheet

Asked Jan 30, 2006, 03:21 PM — 2 Answers
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.

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CaptainForest's Avatar
CaptainForest Posts: 3,684, Reputation: 2085
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#2

Jan 31, 2006, 11:50 PM
How do you know its the truck/eqpt account that is off?
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mh34 Posts: 20, Reputation: 1
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#3

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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