Trail Balance not tallied
Querist : Anonymous
Problem
On 31.3.09 bank Balance Rs 100000
on 31.3.09 advance to mr x 50000
i have joined the NGO from 1.4.09
1.4.09 Grant Received Rs 500000
3.4.09 Travelling allownce paid Rs 30000
30.4.09 Salary paid Rs 200000
MR X SETTLED ADV OF RS 5000 FOR FOOD ON 29.4.09
TRAIL BALANCE AFTER POSTING LEDGER ITS NOT TALLYIED PLESE HELP ME
TRAIL BALANCE AS ON 30.4.09 DR CR
CASH AT BANK 370000
GRANT RECEIVED 500000
SALARY 200000
TRAVELLING 30000
FOOD EXP 5000
MR X ADVANCE A/C 45000
GRAND TOTAL 605000 545000
Querist : Anonymous
Querist : Anonymous
food 5000
adv to X 45000
trav all 30000
Salary 200000
---------------
650000
---------------
Op cap 150000
grant 500000
---------------
650000
---------------
where op cap 50000 adv to x & 100000 Bank
In a Double Entry System you cannot enter a un tallied journal or any other postings i mean.... every entry has equal debits and credits... so whatever your posting right or wrong your TB will tally ...
If your TB doesn't tally you have to verify your opening balances...
get you last years audited financial statements and very your opening trail balances
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