14 June 2009
If i am verifying the transactions of bank statements from my clients bank books, i found out that the opening balance of bank book is 5000 matching with closing balance of last year balance sheet but opening balance of bank is 4000. Now i found out that last yrs reconciliation one cheque was issued but was not presented of 1000 so was deducted and balance was matched with bank but why balance in this financial year bank book is same of bank book of last yrs??????? Can u clear my all concepts????? Related to bank statemenst and bank entries
15 June 2009
You should complete Bank Passbook again from bank for March ending transactions because there is some transaction missing in Bank Passbook
CAclubindia
