How to take the closing balances of all ledgers into next
financial year as opening balances in tally?
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Answer Posted / raghu..v.aps eveng v b.com
Very Simple:
and one thing u should know when closing entries passed
just change that nature :
Expense allways(Telephne Charges )Debit Balance
when closing entry passed just Put Credit balance
if telephone charges for year ended Rs.3000
Closing Entries Will be
Profit & Loss A/c Dr
Telephone Charges Cr
(Being Tr)
You can Try it
| Is This Answer Correct ? | 6 Yes | 3 No |
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