Bank a/c shows credit balance on 31.03.2014
This query is : Resolved
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
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
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.
And if you shown unreconciled Bank Balance then Creditors rise by Such Amt.
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1 times
05 July 2014
you have to show balance as per your books.
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