Audit report bank balance amount ?

Hitesh Kachru (Consultant) (23 Points)

20 March 2018  

In Audit Report, Balance Sheet Cash & Bank balance is shown,

Need to Confirm that;

1. Balank Closing Balance Amount will come from Bank Statement balance as on 31st. March or it will come from balance as per Book of account?

What is the Correct way as per Accounting Standards followed in India?

 

Regards!