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when both the assets and the equity& liabilities does not balance

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › when both the assets and the equity& liabilities does not balance

  • This topic has 2 replies, 2 voices, and was last updated 2 years ago by Avatarolumidey2k.
Viewing 3 posts - 1 through 3 (of 3 total)
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  • July 20, 2023 at 4:31 pm #688647
    Avatarolumidey2k
    Participant
    • Topics: 3
    • Replies: 3
    • ☆

    Hello, what do we do after preparing a consolidated final accounts and both the assets and the equity& liabilities does not balance ? is it advisable to write the differences in balance under it or we just leave the final results blank since both the assets and the equity& liabilities does not balance ?
    Thanks in advance

    July 24, 2023 at 8:02 am #688785
    AvatarP2-D2
    Keymaster
    • Topics: 4
    • Replies: 7235
    • ☆☆☆☆☆

    I’d not worry about this in the exam. Just total up the assets, and equity and liabilities and if they don’t balance just move on. You do not get additional marks in the exam if they do balance.

    Thanks

    July 25, 2023 at 12:27 am #688836
    Avatarolumidey2k
    Participant
    • Topics: 3
    • Replies: 3
    • ☆

    Thanks for the reply sir !

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Viewing 3 posts - 1 through 3 (of 3 total)
  • The topic ‘when both the assets and the equity& liabilities does not balance’ is closed to new replies.

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