I had define two fiscal year (01/04/2014-31/03/2015) & (01/04/2015-31/03/2016)
Now i had created one opeing entring in Opeing Balance Journal
Like
Name Account DR CR
Cash 101001 Cash 5000 0.0
Bank 101002 Bank 4000 0.0
Capital CA Capital 0.0 9000
I had pass this entry in day-1 on april 2014
now i sale some product rs 400 cash
now when i close fiscal year 2014-2015 & generate opening entries for 2015-2016
its look like
Name Partner Account Debit Credit
Credit Centralisation OBA Opeinging Balance Account 9000.000 000.0
Debit Centralisation OBA Opeinging Balance Account 0.00 9400
End of Fiscal Year Entry CA Capital Account 0.00 9000
End of Fiscal Year Entry101002 Bank 4000.000 000.000.00
End of Fiscal Year Entry 101001 Cash 5400.000 000.000
I had define default debit & credit account OBA Opening Balance Account for Opening Entries Journal
The configuration for OBA Opening Balance Account is below
Account name:OBA Opening Balance Account
Parent:0 Your Company
Internal Type: Regular
Acount Type: Equity
i want to know my cash is now 5400 & bank is now 4000 in debit part but its dispaly 18400.00(total)
i am not able to understand next year opening balance is 18400(total) why this display i expect 9400