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July 14, 2020
Question

We have created a bank ledger without mentioning opening balance.Later we tried to edit ledger opening bal under chart of a/c's but there is no such option as in Tally.

  • July 14, 2020
  • 1 reply
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and it is showing current balance in that place.Hence please help ASAP.

1 reply

Alok Shah
July 15, 2020

Dear Sir, 

Opening balance cannot be edited once entries are passed. Now you will have to pass a Journal entry on the respective date .

 

JV would be as 

Bank Dr

To Opening balance Equity (You can check exact name in Trial balance / Balance sheet)

 

Let me know if any issues. 

CA Alok Shah