Customer statement

1

I HAVE TAKEN REPORT OF CUSTOMER BUT WHEN I CHECK THE DIFFERENCE AMOUNT IN BETWEEN CREDIT AND DEBIT AMOUNT THEN ITS SHOWING DIFFERENT FROM CLOSING AMOUNT (
||Total debits|₹ 144 107.70 Dr| - |Total credits|₹ 161 057.00 Cr |= 169493.00
BUT IN CLOSINH BALANCE IT SHOWING SOMETHING ELSE. ITS CONFUSING!!!
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2

Please do not type in Capital Letters. There is nothing wrong with the report.

Closing Balance = Opening Balance (Debit) + Total Debits - Total Credits

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3

Thanks for the reply . I think opening balance should be added to total debit (its creating confusion )

4

Welcome, but I think the statement is OK the way it is.

5

No, because total debits, like total credits, is the movement of values within the statement period. The opening balance is not a movement within the period as it represents the total movement of values in prior periods.

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6

Is there anyway to add opening balance to total debit because customer get confused when they look at the statement.

7

No. Manager’s presentation is completely ordinary in accounting. An opening balance refers to the balance before any of the transactions included in a list or statement. The list or statement includes movement in the account during the defined period. The closing balance is the balance after movement.

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