When journalzing and doing t-charts in accounting…?

do you include the beginning balance?

Thanks!

Top 2 Answers

A few days ago

Anonymous

Favorite Answer

some accounts won’t have a beginning balance until they are created, such as accumulated depreciation

but in general yes

A few days ago

fivestring46

You should have a trial balance from which to copy beginning balances to your T accounts or ledger.

If there is no trial balance, a list of beginning balances should be given in your instructions.

UNLESS:

You are just starting the business. In which case, starting a business would be indicated, along with the amount of the original investment.

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