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View Full Version : Income statement formats-perpetual inventory system


sweetwine49
Jul 20, 2008, 07:36 PM
I cannot for the life of figure out why my income statement and balance sheet and statement of owners equity on the worksheet aren't balancing, Ive reviewed and reviewed and I cannot find the problem, I am 97% sure that all the adjusted balances have been placed correctly and credited and debited appropriately, list of reasons this is happening?

I guess I should add that the unadjusted trial balance balances

Criado
Jul 20, 2008, 08:49 PM
Are you using a 10-column worksheet? It could help you locate your error/s.

sweetwine49
Jul 21, 2008, 11:19 AM
Nvm, haha,spent 2 hours figuring it out and realized that I had some debits on the credit side! Funny cause well, I'm an idiot, and not funny cause yea idiot.