Balance Sheet preparation as per Indian Localization

rinki123

Hi Experts,

Can anyone suggest me how to prepare Balance Sheet as per Indian localization, I have done some work on this, using Account Schedule, Row and Column concept but what formula is need to define so that both side of Balance Sheet(Assets & Liabilities) will automatically match???????????As per my defined formula, always some different figures are coming and Balance Sheet not match and reason is Assets side and Liabilities side are not equal.Both side account references are coming from Chart of Accounts but still problem is unsolved.

ssingla

There cannot be any automatic formula to match asset and liabilities. You need to check the Chart of accounts balance and then compare it with the account schedule. This should enable you to locate the difference and correct the account schedule.

This is assuming that nobody has messed up with the consistency functiona of NAV and all transactions have debit = credit.