Fishy accounts ?


J

Jacob Fish

Hi,
I know prcatically nothing about accounting and please excuse me if I'm
posting in the wrong group.

I have been looking through some annual accounts and hava found an error in
a total.
There are seven subtotals but the grand total does not match the sum of the
seven subtotals.

The erroneous grand total is a multiple of 9.
The correct grand total is also a multiple of 9.
The error (of course) is also a multiple of 9.
All the other subtotals are multiples of 3.

Could that just be coincidence? or is it slightly improbable, or highly
improbable ?
If it is strange, then could it be indicative of a known acounting trick?
If it is then any further info would be appreciated.
What else should I look for?

Another thing is that the amounts should not be totalling to rounded numbers
as we are dealing with sums after conversion from foreign currencies.
But then again, perhaps the sums were simply rounded down for legibility...

And ... I do realise that "errors of 9" can occur when two numbers in a
figure have been inverted by mistake, but I can't see that here.

TIA
Jacob.
 
Ad

Advertisements

A

A Nonny Moose

Jacob,

Two questions:

What accounting software are you using?
Is the grand total greater or less than your calculated amount?

The error appears to be in the formula of the grand total.
Validate that formula.

AJ
 

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Similar Threads

USA Is this proposed setup tax evasion? Seems fishy to me 0
fishy home closing cost in houston, tx 2
selling a house in houston tx, 7% tax? fishy 11
Accounting 2
UK Classic accounts 0
USA New Account 0
Final accounts 5
Accounting Modeling 1

Top