Opening balance of cash in trail balance
we should entry the opening balance to account for total balance ,That adjustment is opening balance control
yes opening stock appear inthe trial balacne trail balance is the blance of all the balance at the given point of time & the value of the opening stock is put in the ledger as a opening balance
debit
opening stock doesn't come in trail balance because trail balance is the balance of ledger accounts or where only two way process of dr and cr is there and we do not pass entries for consumption in journal and do not prepare any ledger account for it. That's it
Opening balance of cash in trail balance
we should entry the opening balance to account for total balance ,That adjustment is opening balance control
yes opening stock appear inthe trial balacne trail balance is the blance of all the balance at the given point of time & the value of the opening stock is put in the ledger as a opening balance
you dont
Opening balance is the starting balance of any account on any specific date of business.
Ending balance = opening balance + deposit - disbursement Ending balance = 12000 + 3000 - 16000 Ending balance = -1000
Opening cash balance is obtaining by looking at the last closing balance. In businesses this is usually done on the first day of the month. So the opening cash balance on the first day of the month will be the same is the closing cash balance of the month before.
is the opening balances of accumulated depreciation in a balance sheet
opning balance of sundry debtors
debit
Cash flow should be more than its opening & closing balance so that it can recover its debts easily
opening stock doesn't come in trail balance because trail balance is the balance of ledger accounts or where only two way process of dr and cr is there and we do not pass entries for consumption in journal and do not prepare any ledger account for it. That's it