Balance Sheet
This query is : Resolved
08 September 2010
Dear all,
Please let me, at the time of closing accounts, we must take bank balance as per books or as per bank according to tally.As balance as book can be less as compare to balance as per bank.
thanks
Please let me, at the time of closing accounts, we must take bank balance as per books or as per bank according to tally.As balance as book can be less as compare to balance as per bank.
thanks
08 September 2010
As per Accounting Standard you have to follow mercantile system of accounting. therefore as you make transactions i.e. events, it has to be accounted for. Therefore in balance sheet, closing balance as per books will appear. it may be possible to reconcile bank statements to tally closing balance as per Bank Pass Book Details as on the closing of accounts.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Where to show the RCM on Rent paid to unregistered landlord
- Is Aadhar PAN linking required for opening bank account?
- Applicability
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Offsetting interest income against derivative trading losses
- Application of 115BAC
- RCM - commercial rent paid to URP under GST
- Gst Sales of FY 2023-24
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- TDS NUMBER SURRENDER
- DELIVERY BY CREDITOR
- Cgst and Sgst liability set off
- Doubt in Form AOC 4
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
