I need help on capturing opening balances on the Income Statement for March 2012. I have captured my sales, cost of sales and expenses and my Income Statement doesn't balance.
My gross Profit is supposed to be
R1 760 722, Expenses -R788 548
NPBT&D R972 174
Depreciation -R49 138
Tax -R258 450
Profit for the year R6258 450
My contra account is 9990/001
Where am I going wrong
Thank you in advance
Malebo
Did you like this article? Share it with your favourite social network.