Bank pass book

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Nilam Koltekar (Querist)
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08 October 2013 my boss give me the his daughter bank pass book & tell me the prepared the income & expenditure account. I am not preparing income & expenditure account. I am creating her account in tally erp 9 but the problem is bank pass book balance brought forward Rs 68871cr. so I am create bank ledger opening balance 68871cr or dr you tell me .
other her brother also give us money deposited what type of ledger created for her brother tell me sir
I so confuse please help me sir

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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08 October 2013 if bank is showing credit balance it means there is +ve balance available and you must create account as op bal for bank with DEBIT balance only as we normaly do.

if his brother is depositing money in this account then it will be treated as loan and pass follwoing entry

Bank a/c...dr
to Brother Loan a/c (under laons).

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