BALANCE SHEET CURRENT LIABILITY IS ENTER IN WRONGLY ASSETS SIDE WHAT CAN I DO?
In Tally erp 9, a wrong entry can make current liability on debit side. For example you want to input the following entry in tally.
Tax …… dr 5000
To Tax payable 5000
if you entered a journal by debiting tax payable account and crediting tax will render a debit balance of current liability.
In some case ,for example you have entered the above example correctly and when making payment of tax payable. You have entered amount 6000 instead of 5000.
Tax payable …….dr 6000
To; Cash 6000
in that case also the balance sheet will show a debit side balance of Rs 1000 under Current liabilities
In the both cases , you have correct the entry using voucher alteration mode.
Once you corrected the entry the balance sheet will show balance at liability side.
- Views1192 times
- Answers1 answer