Trial Balance - Account Balance

[Former Member]

Hello All

Can any one please tell what is Accu.Debit & Accu.Credit in Trial Balance when i choose Account balance option. and how these values are calculated

Thanks in Advance

Sandeep

[Former Member · Accepted solution]

HI,

The values are accumulated Credit and Debit amounts. The values are obtained by summation of credit or debit values of the account and Opening balance of the account.

Thanks and Regards,

Pritesh.

[Former Member · Accepted solution]

Thanks for your reply

i'm sorry pritesh, i dint understand other than the english meaning, could you please elaborate with example

Thanks & Regards

Sandeep

[Former Member · Accepted solution]

Hi Sandeep,

There are two options for opening balance. Which one have you selected?

Thanks,

Gordon

[Former Member · Accepted solution]

hi Sandeep,

here I'll try to explain it with example,

Consider the account of Raw Material.

The account has an opening balance of Rs. 10,000 (Debit Balance)

during the period for which u are preparing the trial balance you will be having some transactions on the same account. Purchasing raw material amount will the debited and payment against it will be credited to the Raw material account.

Consider the debit amount to be Rs. 10,000 and credit amount be Rs.5000

Thus the trail balance for the Raw Material account will be as follows.

Raw material account
Opening Balance--
 Debit
Credit
Accu. Debit
Accu. Credit--
Balance
-
10,000--
10,000
5000
20,000
5000--
5000
-(Debit O.B)--
(O.B + Debit) -
(Accu Dr - Accu Cr.)

Hope i am able to clarify it now.

Thanks and Regards,

Pritesh

Edited by: Pritesh Tatar on Aug 27, 2010 7:25 AM

[Former Member · Accepted solution]

Hi

I tested you example, but thats not giving me the desired results

I have created new account added some Opening balance of 1000 Dr on 01/01/10, did 1000 Dr posting on 01/08/10 and run the trial balance report with account balance option 01/02/10 to 27/08/10

I tried with both options 'Opening Balance for Period'

Results: OB = 1000, Dr = 1000, Cr=1000, Accu. Debit is 1000, Accu. Credit =0, Total = 2000

But as per your logic Accu. Debit should be = 2000.

Any other help

Regards

Sandeep

[Former Member · Accepted solution]

Hi Gordon

I know the Impact for Both the Options for Dr & Cr But want to know about Accu.Dr & Accu.Cr for Both Options

Thanks & Regards

Sandeep