kapil abhishek (student) (293 Points)
01 November 2010i 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?????
Resham
(Carpe Diem !!!)
(6535 Points)
Replied 01 November 2010
I think this might help you.. please check this
/forum/self-balancing-ledger-108150.asp
Vuelve has explained it well.
SHAKIL
(ARTICLE)
(29 Points)
Replied 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.
CAclubindia
