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    tarak paul's Avatar
    tarak paul Posts: 1, Reputation: 1
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    #1

    Mar 15, 2012, 11:18 PM
    Need help to make journal
    What should be the journals -
    The opening balance in the book on February 1, 2006 were:
    Due to Ram Rs 8500
    Due from Ashok 4800
    Cash at bank Rs 21750
    Cash in hand Rs 4200
    RickJ's Avatar
    RickJ Posts: 7,762, Reputation: 864
    Uber Member
    		  
    #2

    Mar 16, 2012, 10:38 AM
    Liability to Ram: 8500
    Asset (Account Receivable) due to Ashook 4800 (should be coded differently from bank balances or cash on hand for our personal accounting)
    Asset (Bank Account) 21750
    Asset (Cash on hand) 4200

    Is that what you are asking?
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