bank reconciliation
nisha k (article assistant) (106 Points)
30 April 2019Which bank balance should reflect in balance sheet? balance as per bank book maintained by client or bal as per bank statement ?
nisha k (article assistant) (106 Points)
30 April 2019
Gaurav Runthala
(Free Lancer)
(35 Points)
Replied 30 April 2019
Hi..!!
You can show balance as per bank book maintained by the client since the liability has been reduced on the same also you have verified the subsequent clearance of the same.
On the other hand you can increase back the liability and can show cheque in transit.!!
nisha k
(article assistant)
(106 Points)
Replied 30 April 2019
RAJA P M
("Do the Right Thing...!!!")
(128062 Points)
Replied 30 April 2019
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