View Full Version : Debits and credits don't match
milchen
Nov 10, 2009, 02:51 PM
I am so confused. I cannot seem to get my debits and credits to match and I know that means that the rest of my financial statements could be wrong. Can someone please point me in the right direction
haider78605
Nov 10, 2009, 03:46 PM
Hi
The data you provided is much scattered and you have not provided any heading every column is messed up with figures. Just make it clear which is debit which is credit where is the assets and where are liabilities and.
Separate your balance sheet and income statements with heading and proper format that may help you out to find you mistake. If you still do not find why your balances do not match then send me the data in arranged form I will try to help you out.
If you want I can send you the proper format for financial statements :)
milchen
Nov 10, 2009, 04:52 PM
Sorry, I wasn't thinking. Here is a corrected attachment.
haider78605
Nov 10, 2009, 05:07 PM
Hi
I reviewed the balance sheet the mistake was in the profit calculation I am sending you the sheet again with the corrected profit figure you have taken profit of 19090 but in fact profit is 41800. If you put this profit figure then your balance sheet is equal...
If you need any help in future feel free to ask :)26374
milchen
Nov 10, 2009, 05:32 PM
Thank you so much. I see what I did wrong now. I appreciate the help.
haider78605
Nov 10, 2009, 05:39 PM
Thanks for the appreciation :)
You are always welcome for your future questions :)