Tally entry
This query is : Resolved
Kalpita krushna warang
(Querist)
12 May 2016
We created a new account in tally.There is no previous Balance sheet.we have closing balance as on 31.3.2016 of Rs.50000/- i.e.opening of 1.4.2016. Now we have maintain a tally a/c from 1.4.2016. We created a new a/c in Tally thru F3 and inserted co details and in voucher shown as a opening balance of Rs.50000/- from 1.4.2016. Now in Balance sheet it shows a diff. in opng balance of Rs.50000/-. Please suggest what entry shall v make not to show this diff.in opng balance in balance sheet.
Murtaza I Bhagat
(Expert)
12 May 2016
Where was showing Rs. 50000/- amount ??
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Kalpita krushna warang
(Querist)
13 May 2016
Bank Balance as on 01.04.2016 Rs.50000/- Debit I altered ledger and put up op bal Rs.50000 then its show in balance sheet diff in op bal what is entry for diff balance is to be nil.
Murtaza I Bhagat
(Expert)
13 May 2016
Do you have Last year BS ??
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Kalpita krushna warang
(Querist)
13 May 2016
There is no previous Balance sheet.we have closing balance as on 31.3.2016 of Rs.50000/- i.e.opening of 1.4.2016. Now we have maintain a tally a/c from 1.4.2016. We created a new a/c in Tally thru F3 and inserted co details and in voucher shown as a opening balance of Rs.50000/- from 1.4.2016. Now in Balance sheet it shows a diff. in opng balance of Rs.50000/-. Please suggest what entry shall v make not to show this diff.in opng balance in balance sheet.
Murtaza I Bhagat
(Expert)
13 May 2016
Yes I read your previous query,
If you don't have any business in your previous year and Bank balance shown is your self amount deposited in bank then you have to take Capital Account Opening Balance as Rs. 50,000/-. diff will be gone.
If you don't have any business in your previous year and Bank balance shown is your self amount deposited in bank then you have to take Capital Account Opening Balance as Rs. 50,000/-. diff will be gone.
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