Search found 1 match
- 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 ...