Adjustment of creditors and debtors
This query is : Resolved
07 November 2023
I have improper balance sheet of last year and I need only need to take Debtors and creditors closing balance as opening balance in new company. But when I taking only both then balance sheet will mismatch. Can I take the amount by passing journal entry against Purchase and Sales to take the balances of Creditors and debtors
20 January 2024
Some other ledgers are causing the issues. You have to recheck the same again. You can pass a single JV in the previous year with all differences which shall nullify the impact.
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