Opening balance query

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4 Points Posted on 13 January 2021

sir i have query for past year closing balance forgot to c/f to next year then what should I do rectify the entry in running year

 

 

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On 13 January 2021 at 13:44 Report
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This discussion addresses a common accounting query regarding a forgotten opening balance from the previous year. The user needs to know how to rectify the entry in the current year's accounts after the previous year's balance sheet has already been finalised. Advice is given on how to input the opening balance to correct improper balances.

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Chartered Accountant
24588 Points Posted on 13 January 2021
You have to put such opening balance otherwise accounts will be showing improper balances
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On 13 January 2021 at 14:29
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4 Points Posted on 13 January 2021

Sir already BS is done past year 

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On 13 January 2021 at 15:16
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Chartered Accountant
24588 Points Posted on 13 January 2021
Are you maintaining accounts in Excel or tally?
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On 13 January 2021 at 17:46

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