Tally entry

Save Share

This query is : Resolved

Kalpita krushna warang (Querist)

12 May 2016 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.

Murtaza I Bhagat

Murtaza I Bhagat (Expert)

12 May 2016 Where was showing Rs. 50000/- amount ??

Message likes : 1 times

Kalpita krushna warang

Kalpita krushna warang (Querist)

13 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.

Murtaza I Bhagat

Murtaza I Bhagat (Expert)

13 May 2016 Do you have Last year BS ??

Message likes : 1 times

Kalpita krushna warang

Kalpita krushna warang (Querist)

13 May 2016 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.

Murtaza I Bhagat

Murtaza I Bhagat (Expert)

13 May 2016 Yes I read your previous query,
If you don't have any business in your previous year and Bank balance shown is your self amount deposited in bank then you have to take Capital Account Opening Balance as Rs. 50,000/-. diff will be gone.

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