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Entry in tally

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Querist : Anonymous

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Querist : Anonymous (Querist)
06 March 2014 What will be the First entry in Tally while new business started ?
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Sandeep Dharar

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

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Querist : Anonymous (Querist)
06 March 2014 suppose opening balance is 1 lakh then entry will bank or cash ac dr to capital.
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Sandeep Dharar

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Sandeep Dharar (Expert)
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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