General Ledger Question:
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Asset | liabilities
cash on hand 40000 bank o|d 1100 |stock of goods 25000 capital 80000
how to do opening ledger posting.
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Answer:
Cash on hand 40000
Dr side
To Balance b/d 40000
Stock of goods 25000
Dr side
To balance b/d 25000
Bank OD 1100
Cr side
By balance b/d 1100
Capital 80000
Cr side
By balance b/d 80000
Dr side
To Balance b/d 40000
Stock of goods 25000
Dr side
To balance b/d 25000
Bank OD 1100
Cr side
By balance b/d 1100
Capital 80000
Cr side
By balance b/d 80000
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