Question

How do you bring forward the opening balance from a previous month if they didn’t specify if it is a credit or debit?

Answer 1

Every ledger have the two sides one left side and one write side, If the left side have excess balance compare to right side than this is debit balance. And if the right side have the excess balance than it is a credit balance.

So if at the time of bring forward the opening balance from a previous month if they didn’t specify any debit or crdit than we can use above logic. If left side have the excess balance than keep it as a debit and if right side have excess balance than the balance is a crdit balance