Whether cleared balance of sbi can be shown as c/b .

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

05 January 2016 Sir,
I want to know that the cleared balanced which is written on the bank statement can be determined as the closing balance of the financial year.As because the closing balance of the bank is differnt from that of cleared balance.

CA R SEETHARAMAN online

CA R SEETHARAMAN online

(Expert)
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10 January 2016 Yes cleared balance can be shown as c/b.

Querist : Anonymous

Querist : Anonymous (Querist)

10 January 2016 thank you various much sir but one more question That MOD balance which is written on the Bank Statement how i will show this amount in the file will be treated as Stdr or any other means.

CA R SEETHARAMAN online

CA R SEETHARAMAN online

(Expert)
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10 January 2016 Show it as Std(short term deposit).

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Querist : Anonymous

Querist : Anonymous (Querist)

10 January 2016 thank you sir, This MOD and cleared balance is only reflecting on the Bank statement otherwise it cannot be determine through the bank statement.