Entry in tally

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

06 March 2014 What will be the First entry in Tally while new business started ?

Sandeep Dharar (Expert)
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06 March 2014 U must start with opening balance while creating ledgers. After that U can start in normal way.

Querist : Anonymous

Querist : Anonymous (Querist)

06 March 2014 suppose opening balance is 1 lakh then entry will bank or cash ac dr to capital.

Sandeep Dharar (Expert)
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06 March 2014 It depends on u. If u r starting with cash then it will b:-

Cash Dr 1L
To Capital 1L

& if Bank

Bank Dr 1L
To Capital 1L

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