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moniqueversan
Jan 30, 2006, 04:21 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.

CaptainForest
Feb 1, 2006, 12:50 AM
How do you know it's the truck/eqpt account that is off?

mh34
Feb 1, 2006, 06:08 AM
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.