CA Day celebration 2024 Easy Office
LCI Learning

Bank a/c shows credit balance on 31.03.2014

This query is : Resolved 
Profile Image

Profile Image

(Querist)
02 July 2014 Hi friends

Cheque issued on 29.03.2014 Rs. 295000/-
as on 31.03.2014 balance as per books Rs.(41,624).

the above cheque is honored on 02.04.2014 .

in balance sheet what balance is required to be considered
Profile Image

kalpesh bafana

Profile Image

kalpesh bafana (Expert)
02 July 2014 If you shown reconciled balance in Balance Sheet i.e. Rs.41624/- your creditors [current liabilities]shown short by such Amt.
And if you shown unreconciled Bank Balance then Creditors rise by Such Amt.
Profile Image

Rupesh Jain

Profile Image

Rupesh Jain (Expert)
05 July 2014 you have to show balance as per your books.
Upgrade to CAclubindia Pro. Subscribe Now!


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CA Day celebration 2024 with Tally CCI Pro

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links