Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Accounting (https://www.askmehelpdesk.com/forumdisplay.php?f=19)
-   -   Opening Balances (https://www.askmehelpdesk.com/showthread.php?t=396519)

  • Sep 14, 2009, 07:58 PM
    TaY_TaY2004
    Opening Balances
    When you are starting a new year but never did the year previous, you write is as opening balance, but what account would it go to
  • Sep 15, 2009, 01:23 AM
    morgaine300

    I'm confused. If you didn't do the previous year, how would you have opening balances for a new year? As for "what account" -- ANY AND ALL accounts that have balances after closing's been done at the end of the prior year. Opening balances isn't one account.

  • All times are GMT -7. The time now is 03:11 PM.