Page 1 of 1
Balance Sheet Question
Posted: Wed Jun 08, 2016 5:15 pm
by MWH
I was reviewing various reports and our balance sheets and some numbers do not match "Total Assets" and "Total Liabilities and Equity" differ $10.52. Is this normal, why would they not match?
Re: Balance Sheet Question
Posted: Wed Jun 08, 2016 6:44 pm
by NeilZ
MWH wrote:I was reviewing various reports and our balance sheets and some numbers do not match "Total Assets" and "Total Liabilities and Equity" differ $10.52. Is this normal, why would they not match?
The
Total Assets should equal the
Total Liablities & Equity on the Balance Sheet. If there is a discrepancy, then we need to know which is off the assets or the equity/liabilities.
One reason can be found in this thread:
https://www.powerchurch.com/forum/viewt ... f=3&t=6250
Let us know that answer.