Opening balance

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shyam patel (Querist)
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28 April 2016 sir, If at this days i have Income & Expenditure A/c and capital a/c of last year how i take opening balance to prepare a/c of the client .

client have bank bal as per bank statement 11882.00

e.g client capital a/c

To withdrawals 14854 By op. bal 14835

To closing bal 31650 By net proft 31669

total 46504 total 46504

shyam patel

shyam patel (Querist)
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28 April 2016 sir please reply sir

Rupesh Jain

Rupesh Jain (Expert)
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28 April 2016 you have to take capital a/c as opening and take transation during the period/year.
and take bank bal. as per books. it may possible some cheque issued by you but till date not present in bank, like that some cheque deposit by you but not credited by bank in your a/c.
then you take other balance like Debtors, creditors, etc for balance sheet.

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