Balance Sheet Question

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MWH
Posts: 28
Joined: Tue Mar 17, 2015 12:20 pm

Balance Sheet Question

Post 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?

NeilZ
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Location: Dexter NM
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Re: Balance Sheet Question

Post 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.
Neil Zampella

Using PC+ since 1999.

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