Journal entry

Save Share

Join Us Follow Us Add as Source

This query is : Resolved

Report Follow Query Ask a Query

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)
Follow

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.

Message likes : 1 times

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)
Follow

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

Message likes : 1 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now