[awatie_aziz]

hi.. I need help... I'm having problem with my unbalance trial balance... my balance sheet is balance... suppose my TB is also balance right? Can anyone help me about this... below is my p&l, balance sheet & TB

P&L :

REVENUE 6,565,101.11

LESS : COST OF SALE 5,334,251.45

Gross Profit 1,230,849.66

LESS : ADMINISTRATION EXPENSES

Accounting fee 2,800.00
Advertisement -
Audit fees 17,900.00
Attestation for oath -
Bank charges 11,140.50
Consultant fees -
Depreciation 42,533.60
Directors salary/ remuneration 109,400.00
Donation & contribution 1,000.00
Entertainment 922.30
EPF 773,697.90
Socso 35,458.40
Insurance & road tax -
Insurance - driver 7,419.40
Medical fee 2,045.50
Office & general expenses 9,750.10
Professional fees 2,486.00
Petrol,parking & toll expenses 5,660.25
Rental office 14,300.00
Repair & maintenance - office -
Salaries & wages 41,848.45
Stationery & printing 5,123.27
Staff amenity 883.08
Telephone & fax 6,500.00
Tax agent fees 3,386.00
Uniform - driver 51,400.00
Utilities 5,711.90

1,151,366.65

LESS : FINANCE COST
Hire-purchase interest 7,507.00

PROFIT/(LOSS) BEFORE TAX 71,976.01

Taxation XXXXX

NET PROFIT/(LOSS) FOR THE YEAR 71,976.01

RETAINED PROFIT/(LOSS) B/F 61,044.00
RETAINED PROFIT/(LOSS) C/F 133,020.01


BALANCE SHEET :

FIXED ASSETS
Property, plant & equipment 297,671.40

CURRENT ASSETS
Trade and other receivables 11,000.00
Amount due from directors 996,779.00
Cash and bank balances 135,054.31
Advance to XXX 20,720.00
Advance to XXX 67,150.07
Advance to XXX 1,000.00

1,231,703.38

CURRENT LIABILITIES
Trade and other payables 72,581.00
Amount due to director 45,614.00
Accrual 27,452.37
Hire purchase creditors 21,333.00
Taxation 1,025.40

168,005.77

NET CURRENT ASSETS 1,063,697.61

1,361,369.01


CAPITAL AND RESERVES
Capital 1,000,000.00
Accumulated profit 133,020.01

SHAREHOLDERS' EQUITY 1,133,020.01

NON CURRENT LIABILITY
Hire purchase creditors 121,285.00
Hire purchase creditors - Maybank 107,064.00
228,349.00

1,361,369.01



TRIAL BALANCE :

DESCRIPTION DEBIT CREDIT

Capital 1,000,000.00
Retained Earnings 133,020.01
Property, plant & equipment 297,671.40
Bank - 135,054.31
Trade and other receivables 11,000.00
Amount due from directors 996,779.00
Advance to XXX 20,720.00
Advance to XXX 67,150.07
Advance to XXX 1,000.00
Trade and other payables 72,581.00
Amount due to director 45,614.00
Accrual 27,452.37
Hire purchase creditors 21,333.00
Taxation 1,025.40
Hire purchase creditors 121,285.00
Hire purchase creditors 107,064.00
Revenue 6565101.11
Consultant fees 42,250.00
Cost of sales 5,334,251.45
Accounting fee 2,800.00
Audit fees 17,900.00
Bank charges 11,140.50
Depreciation 42,533.60
Directors salary/ remuneration 109,400.00
Donation & contribution 1,000.00
Entertainment 922.30
EPF 773,697.90
Socso 35,458.40
Insurance - driver 7,419.40
Medical fee 2,045.50
Office & general expenses 9,750.10
Petrol,parking & toll expenses 5,660.25
Professional fee 2,486.00
Rental office 14,300.00
Salaries & wages 41,848.45
Stationery & printing 5,123.27
Staff amenity 883.08
Telephone & fax 6,500.00
Tax agent fee 3,386.00
Uniform - driver 51,400.00
Utilities 5,711.90
HP interest 7,507.00

8,022,499.88 8,094,475.89

UNBALANCE AMOUNT = 71,976.01

[paraclete]

Too much detail to work through, we don't make a career out of this providing model answers. If your balance sheet is balanced then you have calculated retained earnings for the year which gives you the total of your P&L so dilligently work through the figures. If necessary develop a spreadsheet.
AS THE UNBALANCED AMOUNT EQUALS THE PROFIT FOR THE YEAR THERE MUST BE SOME SIGNIFANCE IN THIS