Balance of bank account

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

13 September 2014 if management want closing balance of bank then we have two balance
AS per reconciliation balance and other is
as per bank balance show in balance sheet
now we have to which balance provide to management. please explain also.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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13 September 2014 In all reporting Bank Balance as per cash Book (Bank balance Shown in Balance Sheet) is shown.

Querist : Anonymous

Querist : Anonymous (Querist)

13 September 2014 sanjay sir just i want to know that if management want closing balance of bank
then we have difference bank balance
Balance without reco
and after reco bank balance differ which balance to give the managemtn.

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CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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14 September 2014 You should give both the balances.

Querist : Anonymous

Querist : Anonymous (Querist)

14 September 2014 sir
but the balance is difference. which is authentic balance.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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14 September 2014 See both Balance are authentic. But from the company's point of view cash Book Balance is always considered because it is arrived after accounting at own end. That's why i said everywhere only Cash Book balance is reported and BRS can be provided if required.