what is opening balance?
Answers were Sorted based on User's Feedback
Answer / sourav adhikary
Opening Balance is the balance which carried forword from
the prvious year Closing Balance.
Is This Answer Correct ? | 39 Yes | 4 No |
Answer / venkat
Opening Balance is the balance which is carried forword
from the prvious year Closing Balance.
Is This Answer Correct ? | 15 Yes | 3 No |
Opening Balance is the balance which is brought from
previouse accounting closing balance,
Or closing balance of previous year is opening balance of
next accountin year,
Is This Answer Correct ? | 11 Yes | 2 No |
Answer / krishna
opening balance is nothing but last year closing
balance.what are the balances carried from the balance
sheet of the last year.
Is This Answer Correct ? | 7 Yes | 1 No |
Answer / eshajain
closing balance of previous year will be opening balance of
current year.
Is This Answer Correct ? | 4 Yes | 1 No |
Answer / neha patel
opening balanceis nothing but previous year closing
balance.
Is This Answer Correct ? | 3 Yes | 1 No |
Answer / m ahmed khan afridi
Month Closing balance Year closing balance as u wish closing just closing amount is next Month or next year Opening Balance
Understand Every Body
Is This Answer Correct ? | 1 Yes | 0 No |
What is fictitious assets?
who is the auditor and his deautis
what do you understand by double entry system.
Expand---------BRP
Who can carry out a charity audit?
Explain tangible assets?
plz tell me what is the rules of audit how we audit the a/cs book.
What is mean by error of submission? can u plz provide notes on this?
1.How do you effectively solve Accounts problems 2. What was the most demanding / stressful situation that you have handled in your current capacity (Accountant):
A Pvt Company take Unsecured Loan from Partnership Firm .What are the Auditor's reporting requirement under CARO U/S 227(4A)?
WHAT IS IFRS? IS there any corelation between AS 30 and IFRS?
What is the motivation to join as an auditor @ Ernst and Young ?