How to adjust opening balance difference

This query is : Resolved

Prajakta U (Querist)
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25 July 2016 I am finalizing balance sheet of business proprietor for F.y. 15-16, and there is no proper record maintained of last f.y. 14-15. Thus there is opening balance difference in assets side. I am using Tally erp 9

How to adjust this difference.
Plz help

Amol S Joglekar

Amol S Joglekar (Expert)
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25 July 2016 you can either keep it under SUSPENSE account......or if you are satisfied with the CIRCUMSTANTIAL evidence as to the same may not have MAJOR effect on the profitability, you can adjust the same through Capital account.

Prajakta U

Prajakta U (Querist)
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25 July 2016 ok. thanks

Amol S Joglekar

Amol S Joglekar (Expert)
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25 July 2016 you are most welcome.

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