kapil abhishek (student) 01 November 2010
i have problem in chapter SELF BALANCING LEDGER
i mean there are one entry regarding transfer of balance such as
debit balance of debtor legder is transfer to creditor ledger, vice versa
can u please tell me how to deal wid this entries, any short cut formula or sumthing else?????
CAclubindia Online Learning offers a wide variety of online classes and video lectures for various professional courses such as CA, CS, CMA, CISA as well as various certification courses on GST, Transfer Pricing, International Taxation, Excel, Tally, FM, Ind AS and more. know more
SHAKIL (ARTICLE) 06 May 2011
if positive balance tranfer( i.e debit balance for debtor ledger and credit balance for creditor ledger) from debtor ledger to creditor ledger and vice versa then both ledger should be decreased by transfer amount.
if negative then both ledger should be increased by the transfer amount.