Hi All
I am looking to add an opening balance into N/C 0040 Furniture and fittings, The equipment was bought by a previous company of mine and ownership transferred to new company when I closed the other company down. I can journal an amount into account but not sure where the balancing entry on the journal should go.
An thoughts or pointers would be great
Thanks
Bob
It should be addition of FFE to new company not opening balance
Dr FFE
Cr Director a/c
1 Like
Hi Thanks for quick response, is that director’s loan account ?
yes it is director loan a/c
That’s great , thanks once again
Bob