Sir
We are using mannual books of account (no any type software) we issued a cheque to firm in March same cheque clear from bank April 9,2020 Now bank balance and book balance not matching please suggest how to match the books balance with bank.
2 Replies
Abhishek Selvam O
(374 Points)
Replied 29 December 2020
No it will not match u have to prepare brs and while filling financials u have to take bank balance as per books
prasad Nilugal
(3914 Points)
Replied 29 December 2020
While prapering Bank reconciliation statement , you have to Add back amount of cheque issued to party in your books of accounts to tally your book balance with bank balance on 31st march .(cheque issued but not cleared ).
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