Pastel Partner Q: General ledger balance

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  • LouisaE
    New Member
    • Nov 2021
    • 2

    #1

    Pastel Partner Q: General ledger balance

    Good day,

    This is a simple question, but can you confirm what the answer is, as I am encountering conflicting answers for this Q:

    Assuming there are no payment transactions, what would the bank balance be in the
    general ledger if the current receipt journal batch were to be updated as it currently
    is? Your answer should indicate whether the balance is a debit or a credit balance.

    Thank you
    Attached Files
  • Neville Bailey
    Diamond Member

    • Nov 2010
    • 2786

    #2
    The bank ledger account (8400/000) will have a debit balance if there are only receipts processed for the bank.
    Neville Bailey - Sage Pastel Accounting Consultant
    www.accountingsoftwaresupport.co.za
    neville@accountingsoftwaresupport.co.za
    IronTree Online Solutions

    "Give every person more in use value than you take from them in cash value."
    WALLACE WATTLES (1860-1911)

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