06 February 2013
DO WE NEED TO TAKE THE BALANCE OF BANK ACCOUNT IN THE BALANCE SHEET ONLY AS PER ADJUSTED CASH BOOK OR SHALL WE NEED TO CONSIDER EVEN THE TIMING DIFFERENCES SAY FOR EXAMPLE: CHEQUES ISSUED BUT NOT YET PRESENTED.
I THINK CONSIDERING THE AS 4 " EVENTS OCCURING AFTER BALANCE SHEET DATE" WE NEED TO CONSIDER EVEN THE CHEQUES ISSUED BUT NOT YET PRESENTED PROVIED THAT THEY HAVE BEEN PRESENTED BEFORE APPROVAL OF THE FINANCIAL STATEMENTS.
CAclubindia
