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#Post#: 255--------------------------------------------------
Opening Balances for L Record Element
By: AngelGST Date: August 25, 2017, 4:01 am
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L|L2_TransactionDate|L3_AccountID|L4_AccountType|L5_AccountName|
L6_TransactionDescription|L7_EntityName|L8_TransactionID|L9_Sour
ceDocID|L10_SourceType|L11_Debit|L12_Credit|L13_RunningBalance|
L|01/01/2017|CA12700|B|CASH ON HAND|OPENING
BALANCE|||||0.00|0.00|1000.00|
I have seen a few "approved" accounting software
What is the correct term to use for the L Record Opening Balance
in GAFv2.0
Is it
Opening Balance or Balance B/Fwd?
#Post#: 258--------------------------------------------------
Re: Opening Balances for L Record Element
By: NSelvam Date: September 5, 2017, 2:54 am
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Opening Balance or Balance B/Fwd?
From an accounting standpoint, both terms represent the starting
balance for a new fiscal period
Extracted from the GST Software Guide
L|1/12/2015|10000|BANK|OPENING BALANCE|||||0.00|0.00|10000.00|
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