Assets amount come in credit side?

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Sir

I  Prepare Accounts in Excel

Bank Amount (Asst) OB for already Minus

Bank Transaction for year amount come in minus amount

so asst amount go to credit side

its correct procedure?

Replies (5)
How come minus figure come for opening balance of bank amount?
Is bank account saving or current or OD account please specify.
Check the opening balance as per passbook/ Bank statement.
bank account can't in minus you have must o/d account who's show in liability side (long term liability)
It 's group under head mistake, please verify CC or OD a/c then take it under loans & liabilities
Mr. Murugu, please tell that what type of Bank account it is??

over draft (od amount)


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