Brs

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

08 July 2015 sir bank charges of last year(2013-14)
not credited in cash book till the present year(2014-15) ..shall we need to adjust them in the present year..

Sandeep Dharar

Sandeep Dharar (Expert)
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08 July 2015 No dear bank charges of Previous year can't b adjusted in the current year.

Querist : Anonymous

Querist : Anonymous (Querist)

08 July 2015 sir in brs bank charges are deducted from closing balance as per cash book...after that in next fy is accountant is required to credit the bank charges in cash book

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Sandeep Dharar

Sandeep Dharar (Expert)
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08 July 2015 Bank Charges will b entered in the books on the same date as it appears in the Bank statement. And if the date is of Current year then it will b treated as current year's charges. Otherwise u must have to enter it in Previous year.

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CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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08 July 2015 agreed with sandeepjis view

Querist : Anonymous

Querist : Anonymous (Querist)

08 July 2015 sir actually bank charges are not entered in previous year...so it is shown in brs.and in current year also bank charges are not entered in cash book..so shall we need to adjust them in brs including the previous year charges