My Brian has gone dead!

princess246
princess246 Registered Posts: 49 Regular contributor โญ
in AAT Level 4 (Level 8 in Scotland)
Help need please

When you journal a opeing bank balance on to your accounting software would the journal be

Debit Bank
Credit Cash?

Its really bugging me now.

Any help appreciated

Comments

  • PAMDILL
    PAMDILL Registered Posts: 697 Epic contributor ๐Ÿ˜
    princess246 wrote: ยป
    Help need please

    When you journal a opeing bank balance on to your accounting software would the journal be

    Debit Bank
    Credit Cash?

    Its really bugging me now.

    Any help appreciated
    Yes, if you are transferring money from cash to the bank.
  • fatandforty
    fatandforty Registered Posts: 546 Epic contributor ๐Ÿ˜
    princess246 wrote: ยป
    Help need please

    When you journal a opeing bank balance on to your accounting software would the journal be

    Debit Bank
    Credit Cash?

    Its really bugging me now.

    Any help appreciated

    Who's Brian? lol :lol:
  • farmergiles
    farmergiles Registered Posts: 1,685 Beyond epic contributor ๐Ÿง™โ€โ™‚๏ธ
    fatandforty wrote: ยป
    Who's Brian? lol :lol:

    Dunno, but he is dead....RIP Brian:lol:
  • taskey
    taskey Registered Posts: 1,761 Beyond epic contributor ๐Ÿง™โ€โ™‚๏ธ
    he did always look on the bright side though
  • princess246
    princess246 Registered Posts: 49 Regular contributor โญ
    Hahaha oh my God i did not realise. You may of guessed i meant brain.

    Would that journal be correct if the money was a opening balance from last years bank balance?
  • farmergiles
    farmergiles Registered Posts: 1,685 Beyond epic contributor ๐Ÿง™โ€โ™‚๏ธ
    princess246 wrote: ยป
    Hahaha oh my God i did not realise. You may of guessed i meant brain.

    We'll let you off, seeing as it is Friday 13th:lol::lol:
  • blobbyh
    blobbyh Registered Posts: 2,340 Beyond epic contributor ๐Ÿง™โ€โ™‚๏ธ
    "My Brian has gone dead"?

    I thought it was a euphemism and was gonna suggest Viagra...
  • taskey
    taskey Registered Posts: 1,761 Beyond epic contributor ๐Ÿง™โ€โ™‚๏ธ
    :lol::lol::lol::lol::lol:
  • Diannew
    Diannew Registered Posts: 2,776 Beyond epic contributor ๐Ÿง™โ€โ™‚๏ธ
    blobbyh wrote: ยป
    "My Brian has gone dead"?

    I thought it was a euphemism and was gonna suggest Viagra...

    :lol::lol::lol::lol:

    Thank you for something a little light hearted today.......
  • princess246
    princess246 Registered Posts: 49 Regular contributor โญ
    i CAN STOP LAUGHING MYSELF NOW well im glad i made some peeps smile.
  • Paul24
    Paul24 Registered Posts: 573 Epic contributor ๐Ÿ˜
    fatandforty wrote: ยป
    Who's Brian? lol :lol:

    He's not the messiah - He's a very naughty boy!!
  • farmergiles
    farmergiles Registered Posts: 1,685 Beyond epic contributor ๐Ÿง™โ€โ™‚๏ธ
    Paul24 wrote: ยป
    He's not the messiah - He's a very naughty boy!!
    He didn't kill the parrot, did he:lol::lol:
  • fatandforty
    fatandforty Registered Posts: 546 Epic contributor ๐Ÿ˜
    Paul24 wrote: ยป
    He's not the messiah - He's a very naughty boy!!

    This has really tickled me now:lol::lol::lol::lol:
  • Diannew
    Diannew Registered Posts: 2,776 Beyond epic contributor ๐Ÿง™โ€โ™‚๏ธ
    fatandforty wrote: ยป
    This has really tickled me now:lol::lol::lol::lol:


    Ooooh!! just like the pilsbury dough man on the other thread, he got tickled in his tummy and ""giggled"":lol::lol:
  • fatandforty
    fatandforty Registered Posts: 546 Epic contributor ๐Ÿ˜
    Diannew wrote: ยป
    Ooooh!! just like the pilsbury dough man on the other thread, he got tickled in his tummy and ""giggled"":lol::lol:

    Good job I am at home and not sitting in an office laughing out loud! Think I'd be carted off by the men in white coats:001_tt2:
  • A-Vic
    A-Vic Registered Posts: 6,868 Beyond epic contributor ๐Ÿง™โ€โ™‚๏ธ
    Diannew wrote: ยป
    Ooooh!! just like the pilsbury dough man on the other thread, he got tickled in his tummy and ""giggled"":lol::lol:

    OOOOOOOO HOW VERY DARE YOU :lol::lol::lol:
  • A-Vic
    A-Vic Registered Posts: 6,868 Beyond epic contributor ๐Ÿง™โ€โ™‚๏ธ
    Giggles
  • crispy
    crispy Registered Posts: 468 Dedicated contributor ๐Ÿฆ‰
    Is that not the stay-puft marshmellow man like from Ghostbusters? :001_smile:

    To Orignal Poster- do you not have an opening Trial Balance print-out where you can enter all debits/credits including the Bank balance?
  • A-Vic
    A-Vic Registered Posts: 6,868 Beyond epic contributor ๐Ÿง™โ€โ™‚๏ธ
    crispy wrote: ยป
    Is that not the stay-puft marshmellow man like from Ghostbusters? :001_smile:

    To Orignal Poster- do you not have an opening Trial Balance print-out where you can enter all debits/credits including the Bank balance?

    thank goodness someone agrees with me :thumbup1:
  • princess246
    princess246 Registered Posts: 49 Regular contributor โญ
    No I dont have a TB from the prev year as i took over the accounts just a month ago.
  • garry_coombs
    garry_coombs Registered Posts: 107 Dedicated contributor ๐Ÿฆ‰
    you'd need to enter a full balance sheet all in one entry and that should balance it, so bank, cash, debtors, creditors, capital accounts/retained earnings.

    you will need last years TB to be able to do it this year.
  • ajames
    ajames Registered Posts: 17 New contributor ๐Ÿธ
    princess246 wrote: ยป
    No I dont have a TB from the prev year as i took over the accounts just a month ago.

    Do you have PY accounts and working papers?
    Usually, there would be journal entries for all the balance sheet items at the start of the year.

    Whilst waiting for the details and to get on with the bookkeeping, I would post the bank to a suspense code. Then replace the bank entry with suspense when doing the journals.

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