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    sefako's Avatar
    sefako Posts: 8, Reputation: 1
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    #1

    Jun 9, 2012, 08:43 PM
    Journal entry for cash at the end of the period
    In 2010 My balance was 1006 Then I want to post it to journal to start. The new period what is the journal entry.
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
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    #2

    Jun 10, 2012, 01:34 AM
    Quote Originally Posted by sefako View Post
    In 2010 My balance was 1006 Then I want to post it to journal to start. The new period what is the journal entry.
    Balance of what? Your equity? your bank account?
    Assuming bank account;
    Dr bank
    Cr equity
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