Tally entry

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Kalpita krushna warang (Querist)
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12 May 2016 Bank Balance as on 01.04.2016 Rs.50000/- Debit I altered ledger and put up op bal Rs.50000 then its show in balance sheet diff in op bal what is entry for diff balance is to be nil.

Amol S Joglekar

Amol S Joglekar (Expert)
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12 May 2016 there is no entry for difference in opening balance. For matching bank balance....there could be capital of 50,000. (Please get the balance sheet of last year as prepared on 31/03/2016. Fill the opening balances while creating the accounts.)

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Rupesh Jain

Rupesh Jain (Expert)
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12 May 2016 you have to enter opening balance in one ledger .
pls check all ledger cl. balance enter as op. bal. or not

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Kalpita krushna warang

Kalpita krushna warang (Querist)
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12 May 2016 Thank u for your suggestion but We created a new account in tally.There is no previous Balance sheet.we have closing balance as on 31.3.2016 of Rs.50000/- i.e.opening of 1.4.2016. Now we have maintain a tally a/c from 1.4.2016. We created a new a/c in Tally thru F3 and inserted co details and in voucher shown as a opening balance of Rs.50000/- from 1.4.2016.

Now in Balance sheet it shows a diff. in opng balance of Rs.50000/-. Please suggest what entry shall v make not to show this diff.in opng balance in balance sheet.

Amol S Joglekar

Amol S Joglekar (Expert)
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13 May 2016 See, what you have done is CREATED a company in Tally .Dont call it created account in tally. Please.
Now, whatever you have done.....do one thing.....since you have put opening balance for bank account...... create one more account in this tally styled as CAPITAL account. and put opening balance as 50,000. This difference will vanish.

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