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Guide to first time adoption (opening balance)

 

 

 

Create opening balance for brought forward loans for first time adoption of plug-in 

You have to adjust the opening balance of the loan if the date of purchase of the asset is on previous years.

 

1.Create opening balance for hire purchase.
 

2.Create opening balance for finance lease.
 

3.Create opening balance for term loan.
 

4.Create opening balance for term loan (unexpired interest).



 

 

 

 

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