Nehas (Al) (425 Points)
06 September 2009Suppose our bank statement closing balance is 25000/- and bank ledger closing is rs 25500.
we made our BRS and it is tallied with bank statement
but then too we take bank ledger closing balance in trial balance
then too it gets tally
howwwwW????
whats main concept behind it
CA. Shwetank Vats
(Chartered Accountant)
(653 Points)
Replied 06 September 2009
First clear regarding bank statement balnace is Debit or Credit ?
on the base of entry to be passed in our book or shown in BRC
If your bank account is exceeds from Bank Statement from 500 means a chq of Rs. 500/- is not cleared in bank. In BRS this amount will be deducted from book Balance.
Trial Balance is just tallying Dr & Cr balances. While making the entry for Rs. 500/- Dr & credit impact hence there are no difference found in Traial balance
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