Vivek Agarwal (Free Lancer) (6 Points)
02 May 2016Hi,
There is a difference in my bank account when compared to my accounting package. This is going on from the past 3-4 years and I found it out recently.
In simple, my Bank shows I have Rs.1 lakh and my accounting package shows I have Rs. 50,000 only. This difference is there from the past 3-4 years and I don't maintain any BRS.
How should I resolve this?
V P Narasimhan
(Accounts Manager)
(793 Points)
Replied 03 May 2016
BRS is being maintained only to get rid off the differences/errors only. Without BRS its very difficult to track
Vivek Agarwal
(Free Lancer)
(6 Points)
Replied 04 May 2016
Hi,
Thanks for the reply.
I am not maintaining any BRS. So what is the alternative solution to this? The records go back since 2011 I guess. And making BRS since 2011 is not possible.
Is there any other way to resolve this? Any adjustment entry?
CAclubindia
