Balance sheet
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 January 2015
Hi
in the balance sheet on asset side this value is showing :
Cash in hand 114,624.42
Bank Account 4,278,632.43
i want to ask in next financial year wht will be the journal entry and what amount will be written..
in the balance sheet on asset side this value is showing :
Cash in hand 114,624.42
Bank Account 4,278,632.43
i want to ask in next financial year wht will be the journal entry and what amount will be written..
CA AnKiT BoHrA (AB)
(Expert)
13 January 2015
amount wil b the same as given on the closing of year na...
CA AnKiT BoHrA (AB)
(Expert)
13 January 2015
now for entry ... we usually transfer al balances to head office on 31st.. and reverse it back on 1st april
you can have a new ledger named as opening balance control account.. tranfer via that.. else all the balances wil automatically carried forward in the next year....
Do opening entries only if u usually do closing entries
you can have a new ledger named as opening balance control account.. tranfer via that.. else all the balances wil automatically carried forward in the next year....
Do opening entries only if u usually do closing entries
Rupesh Jain
(Expert)
14 January 2015
amount taken as per balance sheet .
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