HI FRNDS JUST WANT 2 KNOW SOME BASICS OF SELF BALANCING LEDGERS.
I'M CONFUSED.I SEE LOT OF QUES. STARTING WITH DEBTORS LEDGER (Dr) & CREDITORS LEDGER(Cr) & PREPARE GLAA IN ABOVE LEDGERS & DLAA,CLAA IN GENERAL LEDGER.
PLEASE HELP AS TO WHICH SIDE THIS BALANCE WILL GO IF THIS IS A OPENING BALANCE.
THNX A LOT
A.S.A.P.
PLEASE HELP.
balance of what ??
if there is opening balance
if u are drs ledger adjustment a/c - the opening will be in dr side (general ledger )
if u are crs ledger adjt a/c -the opening balance will be in cr side ( general ledger )
& WHEN U ARE PREPARING GENERAL LEDGER ADJT A/C IN DRS LEDGER THE OPENING BALANCE IN CR SIDE
WHEN U ARE PREAPARING "" IN CRS LEDGER THE OP BALANCE IN DR SIDE
ALL THE BEST
CAclubindia
