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Sam
Sam, Accountant
Category: Tax
Satisfied Customers: 7474
Experience:  26 HMRC expertise, PAYE, Self Assessment ,Residency, Rental Income, Capital Gains, CIS ask for Sam Tax
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The current period total must tally with the profit and loss

Customer Question

The current period total must tally with the profit and loss account value in the balance sheet.
Submitted: 1 year ago.
Category: Tax
Expert:  taxadvisor.uk replied 1 year ago.

Hello and welcome to JustAnswer. I am here to help you. I am reviewing your question and will respond to you shortly.
Many thanks

Expert:  taxadvisor.uk replied 1 year ago.

Thank you for your question.

Please expand on it ... you have error message as your balance sheet does not agree.

You can send me images of pages

- profit and loss account

- balance sheet

- notes to accounts - profit and loss account

I will review your accounts and come back with solution.

Many thanks

Customer: replied 1 year ago.
Hi therePlease see attached two files (screenshots) of Bal sheet, and P&LThanks
Expert:  taxadvisor.uk replied 1 year ago.

AC74 should equal AC187

You have made a healthy profit but it does not seem to be properly reflected in the net worth of the company . Please revisit the upper part of balance sheet.

Expert:  taxadvisor.uk replied 1 year ago.

Where did the cash from profit disappear. You have shown a reduction in cash balance year on year.

Expert:  taxadvisor.uk replied 1 year ago.

I will be happy to review your figures after you have made necessary adjustments.

Many thanks.

Expert:  taxadvisor.uk replied 1 year ago.

Hi there

Any news for me?