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Apr 02, 2011 at 11:35 AM

How to solve the OB problem of 'Raw Materials' account in Trial Balance?


Dear Friends,

In a 'Perpetual Inventory' system how to show the opening balance of Inventory Account in Trial balance as other account's opening balance?

You can check this out with some opening balances entered for GL Accounts (from Administration -> system initialization -> opening balance) and some initial quantity of inventory items entered (in inventory transactions) on - let's say a company's starting date 1-1-06.