Balancing of an account
This query is : Resolved
14 February 2011
Hi,
When we balance an account every month or on daily basis the balance may be excess debit or excess credit at closing.
For example i buy goods from suppliers and make payments and sometimes we make advance payments which results in debit balance.
My request for clarification is without recalculating the balance every time manually
Is there a logical formula with which i can get balance to carried down or brought down entries?This is required in excel spread sheet format.
When we balance an account every month or on daily basis the balance may be excess debit or excess credit at closing.
For example i buy goods from suppliers and make payments and sometimes we make advance payments which results in debit balance.
My request for clarification is without recalculating the balance every time manually
Is there a logical formula with which i can get balance to carried down or brought down entries?This is required in excel spread sheet format.
14 February 2011
yes, you can use excell formula then only it shows whatever you are making changes in excel exm: if you are adding Dr.side and also credit side, then your B/F and C/F just put=c12 like, then automatically what you r changing in sheet is to be changed.
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