Total Assets doesn’t equal liabilities + shareholders equity?

contact mytaxexpress
2016-01-16 23:06

There are two balance sheet forms, sch101 and sch100. Sch101 is needed when corp. is filing its first ever return after incorporation. Otherwise, only sch100 is needed.

There is a basic rule for sch100 and sch101, they needs to be balanced:


  Field 2599 must equal the sum of field 3499 and field 3620

 


Tags: asset, Balance, liability, Sch100, sch101
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