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Cash Balance as per RP and BS

Eswar Reddy S (CFO- at NHTF) (58263 Points)

16 March 2022

Is cash balance as per Receipts and Payments Account match with Cash Balance as per Balance Sheet ?

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8 Replies

shreya vora (69 Points)
Replied 16 March 2022

Dint get your que.

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Eswar Reddy S (CFO- at NHTF) (58263 Points)
Replied 16 March 2022

In receipts and payments account , there will be opening cash and bank balance and also closing cash and balances.

Will it match with the balance sheet values of Cash and bank balance ?

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anirudh (student) (178 Points)
Replied 16 March 2022

Closing cash and bank balance in receipts and payments should match with cash and bank balance in balance sheet

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Eswar Reddy S (CFO- at NHTF) (58263 Points)
Replied 16 March 2022

Receipts and Payments Account takes only Actual receipts and payments only .

It may not consider Contra vouchers .

Where as Cash ledger takes all entries which will appear in balance sheet

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Sri Vishnu (7 Points)
Replied 16 March 2022

It should match with balance sheet figures

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Eswar Reddy S (CFO- at NHTF) (58263 Points)
Replied 16 March 2022

Will the contra voucher has the effect on receipts and payments account?

anirudh (student) (178 Points)
Replied 17 March 2022

Contra vouchers also effect the receipts and payments account

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Eswar Reddy S (CFO- at NHTF) (58263 Points)
Replied 18 March 2022

Why we get daily 3 to 4 calls or messages for loan , credit card etc ?

Are the banks allowed to share contact details of customers to outsiders ?

Banks sharing contact details to outsiders

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