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Querist : Anonymous

Querist : Anonymous (Querist)

17 August 2015 what will be the J/e of bank balance b/f. or introducing bank balance.

Sandeep Dharar

Sandeep Dharar (Expert)
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17 August 2015 if its introduction in business then its

Bank Dr
To Capital

And generally the accounts balance automatically gets b/f in the next year. But in sum software u manually have to b/f the balances by altering the respective ledger.

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Querist : Anonymous

Querist : Anonymous (Querist)

17 August 2015 THANK U FOR YOUR RESPONSE, ACTUALLY THE CASE IS THAT THE COMPANY HAS LOST ITS PREVIOUS YEAR DATA. WE HAVE TO START FROM THIS FINANCIAL YEAR AND AS WE TOOK THE BANK STATEMENT IT SHOWS CREDIT BALANCE IN COMPANY ACCOUNT. SO HOW TO ENTER THAT BALANCE IN THIS YEAR, AS IT IS NOT INTRODUCED AS CAPITAL

Sandeep Dharar

Sandeep Dharar (Expert)
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17 August 2015 Yup, for that u must go to the respective ledger(bank) and put the opening balance as per pass book.

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