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by newview
Thu Aug 11, 2011 6:23 pm
Forum: Accounting
Topic: Adjusting an opening balance
Replies: 1
Views: 975

Adjusting an opening balance

As I was going through some of our reports I noticed that I did not enter a beginning balance for a loan that we took out last year. What is the proper journal entry to adjust the year start balance (since I can't change the beginning balance as it was last year)? I'm thinking that I need to Credit ...