Screen DISC L - Balance Sheet (1120)

Overview

Use this screen to complete Schedule L for the 1120-IC-DISC return.

Liabilities and Shareholders' Equity

Unless you entered a zero in the
Maximum amount for Schedule L rounding
field, the application automatically adds the calculated out-of-balance adjustment to the amount you enter in this field. If this field is blank, the application nets the out-of-balance adjustment against the amount you entered in the
Cash
field in this screen.
The application either automatically creates an adjustment to accounts payable or, if there is no balance in accounts payable, the application adjusts cash to correct an out-of-balance condition between assets and liabilities.
If you do not want the application to make any automatic adjustment, enter
0
(zero), or leave this field blank.
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