Explain the ways in which opening balances affect the financial statements for the current period

I don't really understand your question.

Summary. Hello, dear <>

The closing balance refers to the balance after the settlement of the current period, and the balance at the beginning of the year is generally the balance at the end of the previous year, but sometimes some accounts of the previous year need to be adjusted during the income tax reconciliation period, so the balance at the beginning of the year is the adjusted balance at the end of the previous year. For example, in 2012, the closing balance in the balance sheet of an enterprise refers to the cumulative number of accounting liabilities incurred in the current year; Moreover, the balance at the beginning of the year refers to the cumulative number of accounting liabilities in 2011, and it becomes the beginning of the year when it is carried forward to 2012.

What do the closing balances and beginning balances refer to in the balance sheet of a company?

Hello dear! I have seen your question on my side and am trying to sort out the answer, and I will answer you later, please wait a moment

Hello, dear <>

The closing balance refers to the balance after the settlement of the current period, and the balance at the beginning of the year is generally the balance at the end of the previous year, but sometimes some accounts of the previous year need to be adjusted during the income tax reconciliation period, so the balance at the beginning of the year is the adjusted balance at the end of the previous year. For example, in 2012, the closing balance in the balance sheet of an enterprise refers to the cumulative number of accounting liabilities incurred in the current year; Moreover, the balance at the beginning of the year refers to the cumulative number of accounting liabilities in 2011, and it becomes the beginning of the year when it is carried forward to 2012.

Summary. Dear, <>

I am glad to answer for you, how to find the opening balance of the knowing ending balance and the amount incurred in the current period, the opening balance = the closing balance - the increase in the current period - the decrease in the current period.

Knowing how to find the closing balance and the amount incurred in the current period is the opening balance.

Dear, [Smile disturbs the reputation] I am happy to answer for you, how to find the opening balance of the knowing closing balance and the amount of the current period, the opening balance = the closing balance - the increase in the current period - the decrease in the current period.

Hello Mr. <> Wen, assets, costs, and expenses are the initial amount of the debit balance + the amount of the current debit Shen - the current credit amount = the debit amount at the end of the period, and the debit balance at the beginning of the period = the debit amount at the end of the period - the debit amount of the current period + the credit amount of the current period.

The balance at the beginning of the <>year is the amount of money left in the account at the beginning of the year for each item in the table, which is simply the amount left over from the previous year to the beginning of the year. The closing balance is the amount of the balance on the account at the end of the month in which the lease is destroyed, which is simply the funds before the end of the review. There are two reasons why the balance sheet has to have the balance amount on the books at these two points in time

First, the financial position of the company's assets, liabilities, and owners' equity at these two points in time. The second is to calculate the increase or decrease in each asset, liability and owner's equity from the beginning of the year to the report RI.

The amount incurred in the current period is known Debits and Credits How to find the opening and closing balances (debits).

Amount = Opening Balance Debit Amount - Credit Amount.

Closing Balance = Opening Balance Debit Occurrence - Credit Occurrence Amount.

Does it mean that the end of the period and the beginning of the period are equal? And is it the debit minus the credit in the amount incurred in the current period?

Dear, that's right. Are you sure? Then it is known that the amount incurred in the current period is 28,800 on the debit side and 27,000 on the credit side, and what is the debit side of the closing balance and the debit side of the opening balance.

Pro, the opening balance is debited 1800

Is it correct Can you elaborate on why.

Dear, yes.

Summary. Hello, happy to answer your <>

the circumstances under which the opening balance of the balance sheet will not be consistent with the closing balance of the previous year; If there is any inconsistency, it is that the wrong account of the previous year has been adjusted, but the account of the previous year has not changed.

the circumstances under which the opening balance of the balance sheet will not be consistent with the closing balance of the previous year;

Hello, I'm glad to answer your <> [Smile Good Sedan].

the circumstances under which the opening balance of the balance sheet will differ from the closing balance of the previous year; If there is any inconsistency, it is that the wrong account of the previous year has been adjusted, but the account of the previous year has not changed.

1. The balance sheet, also known as the statement of financial position, indicates the financial status of the enterprise at a certain date (usually at the end of each accounting period) (i.e., the status of the asset bridge, the status of the liabilities and the owner's equity). The balance sheet uses the principle of accounting balance to divide the trading accounts such as assets, liabilities and shareholders' equity that comply with accounting principles into two major sections: "asset barrier" and "liabilities and shareholders' equity".

2. After the accounting procedures such as entries, transfers, ledgers, trial calculations, adjustments, etc., the static enterprise situation on a specific date is condensed into a single report. In addition to the internal error removal, business direction, and prevention of malpractice, its report function can also allow all readers of Yunzhisui to understand the business status of the enterprise in the shortest possible time.

Three: the balance sheet is the accounting statement of all assets, negative debts and owners' equity of the enterprise on a specific date (such as the end of the month, the end of the quarter, and the end of the year), and it is the static embodiment of the business activities of the company, according to the balance formula of "assets = liabilities + owners' equity", in accordance with certain classification standards and a certain order, the specific items of assets, liabilities and owners' equity on a specific date are appropriately arranged and compiled.

Fourth: in terms of procedures, the balance sheet is the end of the bookkeeping and bookkeeping procedures, which is the final result and report after the collection of entry entries, postings and trial adjustments. In Xing's view, the balance sheet is a comparative relationship between the assets and liabilities of an enterprise or a company, and a shareholder's equity, which accurately reflects the company's operating conditions.

Five slags: As far as the basic composition of the statement is concerned, the balance sheet mainly includes the assets part of the left formula of the statement, and the liabilities and shareholders' equity part of the right formula. On the other hand, if the front-end of the operation is recorded in full accordance with the principle of the assumption and goes through the correct entry or transfer trial calculation process, the total amount on the left and right sides of the balance sheet will inevitably be exactly the same.

In the end, this calculation is the total amount of assets = the total amount of liabilities + the total amount of shareholders' equity.

Answer]: B, C

Opening balances are not required for all accounts, and there are generally no opening balances for profit and loss tolerance accounts. If the key hail has been posted, you can no longer record people, modify the opening balance, and cannot perform the function of "carrying forward the balance of the previous year".

Summary. Hello, the result of the opening balance of the balance sheet minus the closing balance is not necessarily the same as the figure in the profit of the current year in the account balance of the current year. Because the balance sheet includes all assets and liabilities, and the figures in the current year's account balance are only the current year's profits, not all assets and liabilities, so the values between the two will be different.

Hello, the result of the opening balance of the balance sheet minus the closing balance is not necessarily the same as the figure in the profit of the current year in the account balance of the current year. Because the value of the balance sheet includes all assets and liabilities, and the figure in the current year's account balance is only the good figure of the current year's profit, and does not include all the assets and liabilities that Mashan has, so the value between the two will be different.

Okay, thanks.

Can you explain which accounts in the account balance sheet are the same as the accounts in the balance sheet! Thank you, teacher.

Trouble the teacher to give me an answer!

Account Balance Sheet and Balance Sheet are two types of common types of financial statements. The account balance statement is classified according to the ledger account, and the opening balance, credit and debit amount and closing balance of each account are recorded. The balance sheet is classified according to assets, liabilities and owners' equity, reflecting the financial status of the enterprise at a certain point in time. In the account balance sheet and the balance sheet, some accounts are consistent, which means that the numbers recorded in both statements are the same.

These subjects mainly include:1Cash, bank deposits:

Both of these accounts are monetary funds accounts in the balance sheet and account balance sheet, which record the cash and bank deposit balances of the enterprise at a certain point in time. 2.Accounts receivable, bad debt provisions:

Accounts receivable is the creditor's right generated after the enterprise sells goods or provides services to customers, and it is also a valuable asset of the enterprise; A provision for bad debts is a provision set up to deal with the risk that accounts receivable cannot be recovered. These two accounts are also the same in the balance sheet and account balance sheet. 3.

Accounts payable: Corresponding to accounts receivable, accounts payable is the debt generated by the enterprise after purchasing goods or receiving services from the first business. This account also has the same meaning in the balance sheet and the account balance sheet.

4.Advance receipts: Advance receipts are the fees charged by a business before providing goods or services to customers at a certain point in the future, which is a liability.

The definition of this account is also consistent in the balance sheet and the balance sheet.

Correct] Respectfully answered【Analysis】The "Beginning Balance" column of the balance sheet is usually filled in according to the closing balance of the relevant items at the end of the previous year, and is consistent with the "Closing Balance" column of the balance sheet at the end of the previous year. If the names and contents of the items specified in the balance sheet of the previous year are consistent with those of the current year, Lianghui shall adjust the names and numbers of the relevant items in the balance sheet at the end of the previous year in accordance with the provisions of the current year and fill in the column of "balance at the beginning of the year".