banner_ad

Difference in opening balance

417 views 4 replies

Hello every one, i have problem in difference in opening balance, in my company long term loan not show in the last finalcial year, now i am enter the amount in opening balance, then it show opening balance diffence in trial balance , what is soultion. pleas help me

Replies (4)
Do entry on 1st april

how to pass the entry

 

see, we are following double entry system. so for every debit there should be credit.
in your case you have raised liability, so you should either raise assets or reduce amount from liability side.
if you have info regarding loan fund, simply you can raise entry. otherwise adjust with capital.
Adjust the loan amount against capital account


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details