banner_ad

Bank

This query is : Resolved 
Profile Image

Profile Image

(Querist)
07 November 2014 Sir I have opening balance of rs 28,00,000 OD BANK A/C when i put in opening balance it shows diff in opening balance how we should put corresponding entry in the liability side OR ANY OTHER SOLUTION
Profile Image

CA Harish Shyam Choudhary

Profile Image

CA Harish Shyam Choudhary (Expert)
07 November 2014 you must have taken OD of Rs 28,00,000 and not Used that amount

When you make Payment out of it then it will reflect in books through Journal Enteries.

But still if you have opening Balance then you should do the ledger scrutiny and pass the corresponding entry in respective ledgers to whom payment is made or received in OD A/c
Profile Image

Ismailkhan

Profile Image

Ismailkhan (Querist)
07 November 2014 Sir actually 28,00,000 it is a closing balance of 2013-14 when i put the amount as opening balance for 2014-15 i found diff in opening balance
Profile Image

Amol S Joglekar

Profile Image

Amol S Joglekar (Expert)
07 November 2014 It is suggesting that you have NOT entered the balances of balnce sheet of 13-14 in entirity. Enter all the balances and the the difference will disappear.
Profile Image

CA Y.Kondal Reddy

Profile Image

CA Y.Kondal Reddy (Expert)
08 November 2014 OD balance in bank account it self is credit balance and should show at liability side under secured loan.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
11 May 2026
Post office

Post office

Anakapalle

Others

View Details
Company
11 May 2026
CA Dropout

Patron Accounting LLP

Pune

CA Inter

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details