Balancing of an account
This query is : Resolved
14 February 2011
Hi,
When we balance an account every month or on daily basis the balance may be excess debit or excess credit at closing.
For example i buy goods from suppliers and make payments and sometimes we make advance payments which results in debit balance.
My request for clarification is without recalculating the balance every time manually
Is there a logical formula with which i can get balance to carried down or brought down entries?This is required in excel spread sheet format.
When we balance an account every month or on daily basis the balance may be excess debit or excess credit at closing.
For example i buy goods from suppliers and make payments and sometimes we make advance payments which results in debit balance.
My request for clarification is without recalculating the balance every time manually
Is there a logical formula with which i can get balance to carried down or brought down entries?This is required in excel spread sheet format.
14 February 2011
yes, you can use excell formula then only it shows whatever you are making changes in excel exm: if you are adding Dr.side and also credit side, then your B/F and C/F just put=c12 like, then automatically what you r changing in sheet is to be changed.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Reopen of assessment proceeding
- TDS on Consultancy- Non DTAA
- Depreciation of fixed assets- coop housing society in mumbai
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- Gift Received from nonblood relative
- Management System (IMS)
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Reprocessing of rectification order AY 2025-26
- FTS Taxable under 115A
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
