Opening balance of creditor

A/c entries 193 views 1 replies

Hi,

There is mistake in the opening balance it means actual opening balance of Creditor is Rs.100 but last year audited balance sheet show was Rs.150 how to rectify this.

Replies (1)
Take ₹150 as this year opening and pass ₹50 paid entry to creditor. then it will become ₹100.


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