Note that while providing the opening
balance to ledgers, the contrary balances equivalent to the amount will appear
under the title Difference
in Opening Balances in
Balance Sheet / Trial Balance to tally the totals of Assets and Liabilities /
Debit and Credit balances.
The entry passed
for the difference amount will
only affect the closing balance of
the respective ledgers and reports, but the Balance Sheet/Trial Balance will
still display the (opening balance) difference amount to tally both the sides.
To nullify the difference in opening
balance, you need to adjust it
with other/new ledgers’ opening balances.
If there is an amount of Rs.5000/-
Debit in Diff.
in Opening Balance, you need to adjust this with Rs.5000/-
the opening balance of other ledger(s).